Updated Oct 28, 2024
JLL Capital Markets Arranges $59M Bridge Loan For Multifamily Property In Kissimmee
3250 Orleans Avenue, Kissimmee, FL, United States
$59,000,000
$42,233/SF
Building Size
1,397 SF
Asset Type
MultiFamily
Closing
Apr 26, 2021
About this deal
AI
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.
On the Map
$59,000,000
$42,233/SF
MultiFamily
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Players
Pensacola 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93