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
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