facebook
Traded Co logo
Submit

JLL Capital Markets Arranges $59M Bridge Loan For Multifamily Property In Kissimmee

Property Image
FINANCED
$59,000,000
Gregory (Greg) Nalbandian
Jesse Wright

Florida

See Similar Deals
MultiFamily1,397 SF
Financed 04/27/2021
the dealplayerscompscontact
Property Image
FINANCED

JLL Capital Markets Arranges $59M Bridge Loan For Multifamily Property In Kissimmee

3250 Orleans Avenue, Kissimmee, FL, United States

See Similar Deals
MultiFamily1,397 SF
Financed 04/27/2021
Gregory (Greg) Nalbandian
Jesse Wright
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$42,233
Total Square Footage:1,397 SF
Transaction Type:Loan

The multifamily property located at 3250 Orleans Ave in Kissimmee has been involved in a recent closed transaction. The loan for this transaction was secured on 27th April 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $59,000,000
  • Address: 3250 Orleans Ave
  • Market: Kissimmee

The loan for this property was provided by George G. Hicks and Ilfryn Carstairs from Värde Partners. The loan is a three-year, non-recourse bridge loan. The property consists of 326 units.

Russ Krivor from Sovereign Properties is the landlord of this multifamily property. The brokers involved in this transaction are Gregory Nalbandian and Jesse Wright from JLL Capital Markets.

Players

Gregory (Greg) Nalbandian
JLL
Gregory Nalbandian
25 deals$1.5B volume
BROKER
Jesse Wright
JLL
Jesse Wright
23 deals$1.6B volume(786) 532-2347
BROKER
SP
Sovereign Properties
LANDLORD

Details

FINANCED
IMAGE: Gregory Nalbandian, Russ Krivor, George G. Hicks, Jesse Wright & Ilfryn Carstairs DATE: 04/27/2021 ADDRESS: 3250 Orleans Ave. MARKET: Kissimmee ASSET TYPE: Multifamily LENDER: George G. Hicks & Ilfryn Carstairs - Värde Partners LANDLORD: Russ Krivor - Sovereign Properties BROKERS: Gregory Nalbandian & Jesse Wright - JLL Capital Markets LOAN AMOUNT: $59,000,000 LOAN TERMS: three-year, non-recourse bridge loan UNITS: 326

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$59,000,000.00

Monthly NOI$393,333.33
Monthly Debt Service$372,920.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00