Updated Oct 28, 2024
Pensam Capital Refinances Multifamily Property In Oviedo, Orlando For $32.08M With Lender Freddie Mac
2785 Chaddsford Circle, Oviedo, Florida 32765, United States
$32,080,000
Units
233
Asset Type
MultiFamily
Closing
Feb 14, 2022
About this deal
AI
A loan has been secured for the multifamily property located at 2785 Chaddsford Cir in Oviedo, Orlando. The property consists of 233 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 02/15/2022
- Address: 2785 Chaddsford Cir
- Market: Oviedo, Orlando
- Units: 233
The loan, amounting to $32,080,000, was provided by Freddie Mac. Pensam Capital is the landlord of the property. The deal was facilitated by brokers Charles Foschini & Chris Apone from Berkadia.
Note: This transaction involved a refinancing loan.
Players
Oviedo 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93