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2626 Ham Brown Road

JLL Brokers Arrange $20.7M Acquisition Credit Facility For 2626 Ham Brown Road
FINANCEDMultiFamily

JLL Brokers Arrange $20.7M Acquisition Credit Facility For 2626 Ham Brown Road

2626 Ham Brown Road

$20,700,000

$112/SF

Building Size

184,022 SF

Asset Type

MultiFamily

Closing

Apr 11, 2024

AI

The build-to-rent property located at 2626 Ham Brown Road in Kissimmee spans 184,022 square feet and consists of 95 units. The acquisition credit facility for this property amounted to $20,700,000 and was secured by CFB Homes & Montalva Quindos.

Summary of transation details:

  • Property Type: Build-to-Rent
  • Transaction Amount: $20,700,000
  • Address: 2626 Ham Brown Road
  • Market: Kissimmee
  • Units: 95
  • Square Footage: 184,022
  • Landlord: CFB Homes & Montalva Quindos
  • Brokers: Max La Cava, Trey Pizzitola & Mateo Bolivar - JLL

The brokerage services for this transaction were provided by Max La Cava, Trey Pizzitola, and Mateo Bolivar from JLL. The individuals and companies involved in this deal displayed a remarkable level of professionalism and expertise, facilitating a successful acquisition credit facility for the build-to-rent property in Kissimmee.

Players

Max La Cava

JLL

Broker

$1.5B

vol

44 deals

Broker

Kissimmee MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93