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Highland Realty Capital Arranges $67M Bridge Loan For Orlando Multifamily Property

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FINANCED
$67,000,000

Florida

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MultiFamily302,322 SF
Financed 10/20/2022
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Property Image
FINANCED

Highland Realty Capital Arranges $67M Bridge Loan For Orlando Multifamily Property

335 Rosalind Avenue

See Similar Deals
MultiFamily302,322 SF
Financed 10/20/2022
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$221
Total Square Footage:302,322 SF
Transaction Type:Loan

The multifamily property located at 335 N Rosalind Ave in Orlando has been involved in a closed transaction. The property consists of 389 units with a total square footage of 302,322. The transaction was facilitated by brokers Jeff Eliason and Leland Ortega from Highland Realty Capital.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $67,000,000
  • Loan Type: Bridge Loan
  • Loan Terms: 5-Year Fixed Rate Acquisition Bridge

The loan amount for this transaction was $67,000,000, and it was structured as a bridge loan. The loan terms include a 5-year fixed rate acquisition bridge. This funding provided the necessary capital for the acquisition of the multifamily property at 335 N Rosalind Ave in Orlando.

Jeff Eliason and Leland Ortega from Highland Realty Capital played a crucial role as the brokers representing the parties involved in this transaction. Their expertise and negotiation skills helped facilitate the successful acquisition of this multifamily property.

Players

Jeffrey Eliason
10 deals$404.3M volume
BROKER

Leland Ortega
Highland Realty Capital
10 deals$347.3M volume
BROKER

Details

FINANCED
IMAGE: Jeff Eliason & Leland Ortega DATE: 10/20/2022 ADDRESS: 335 N Rosalind Ave MARKET: Orlando ASSET TYPE: Multifamily ~ UNITS: 389 ~ SF: 302,322 BROKERS: Jeff Eliason & Leland Ortega - Highland Realty Capital LOAN AMOUNT: $67,000,000 LOAN TYPE: Bridge Loan LOAN TERMS: 5-Year Fixed Rate Acquisition Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$67,000,000.00

Monthly NOI$446,666.67
Monthly Debt Service$423,485.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00