Updated Dec 4, 2024
Advenir Secures $54.68 Million Refinance Loan From Freddie Mac For Multifamily Asset In Ocoee
3200 Old Winter Garden Road
$54,680,000
$54,680,000/SF
Building Size
1 SF
Asset Type
MultiFamily
Closing
Sep 26, 2024
About this deal
AI
The property asset involved in this transaction is a multifamily complex comprising 408 units located at 3100/3200 Old Winter Garden Road in Ocoee. The loan for this asset, amounting to $54,680,000, is a refinance loan facilitated by Freddie Mac.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $54,680,000
- Lender: Freddie Mac
- Landlord: Advenir
- Address: 3100/3200 Old Winter Garden Road
- Market: Ocoee
- Units: 408
- Loan Type: Refinance
The deal involved key individuals and representatives from Berkadia, specifically Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez, and Shannon Wilson. They collectively facilitated the transaction on behalf of the landlord, Advenir.
On the Map
$54,680,000
$54,680,000/SF
MultiFamily
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Players
Ocoee 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93