facebook
Traded Co logo
Submit

Momentum Real Estate Partners Acquires 195-Unit Multifamily Property In Fort Myers

Property Image
FINANCED
$40,650,000
Kenny Cutler
Elliott Throne
MG
+ 1

Florida

See Similar Deals
MultiFamily
Financed 02/08/2022
the dealplayerscompscontact
Property Image
FINANCED

Momentum Real Estate Partners Acquires 195-Unit Multifamily Property In Fort Myers

3419 Forum Boulevard, Fort Myers, Florida 33905, United States

See Similar Deals
MultiFamily
Financed 02/08/2022
Kenny Cutler
Elliott Throne
MG
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

Momentum Real Estate Partners, represented by Mauricio and Eduardo Gruener, have completed a closed transaction for a multifamily property located at 3419 Forum Blvd in Fort Myers. The property consists of 195 units and was acquired through an acquisition loan.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $40,650,000
  • Address: 3419 Forum Blvd, Fort Myers
  • Market: Fort Myers
  • Loan Type: Acquisition Loan
  • Loan Terms: Seven-year, fixed-rate loan

The deal was facilitated by JLL Capital Markets brokers, Elliott Throne and Kenny Cutler.

Players

Elliott Throne
JLL
Elliott Throne
18 deals$747M volume
BROKER
Kenny Cutler
JLL
Kenny Cutler
28 deals$1.4B volume
BROKER
MG
Mauricio Gruener
4 deals$293.8M volume
LANDLORD
Eduardo Gruener
Eduardo Gruener
4 deals$293.8M volume
LANDLORD

Details

FINANCED
IMAGE: Mauricio Gruener, Eduardo Gruener, Elliott Throne & Kenny Cutler DATE: 02/08/2022 ADDRESS: 3419 Forum Blvd MARKET: Fort Myers ASSET TYPE: Multifamily ~ UNITS: 195 LANDLORD: Momentum Real Estate Partners - Mauricio & Eduardo Gruener BROKERS: Elliott Throne & Kenny Cutler - JLL Capital Markets LOAN AMOUNT: $40,650,000 LOAN TYPE: Acquisition Loan LOAN TERMS: seven-year, fixed-rate loan

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

$40,650,000.00

Monthly NOI$271,000.00
Monthly Debt Service$256,935.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00