Beachwold Residential Secures $15.9M Fixed-Rate Multifamily Loan In Spring Hill With JLL Real Estate Capital, LLC
3454 Suncoast Villa Way, Spring Hill, FL, USA
$15,850,000
$1/SF
Building Size
11,001,450 SF
Asset Type
MultiFamily
Closing
Jun 8, 2021
AI
The multifamily property located at 3454 Suncoast Villa Way in Spring Hill has been involved in a recent transaction. The loan for this property was provided by JLL Real Estate Capital, LLC. Beachwold Residential serves as the landlord for this asset. The deal was facilitated by brokers Elliott Throne, Mona Carlton, Jesse Wright, and Kenny Cutler from JLL. The loan amount for this transaction was $15,850,000, and it was structured as a fixed-rate loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,850,000
- Lender: JLL Real Estate Capital, LLC
- Landlord: Beachwold Residential
- Brokers: Elliott Throne, Mona Carlton, Jesse Wright, and Kenny Cutler - JLL
This transaction involved key individuals and companies in the real estate industry. Elliott Throne, Mona Carlton, Jesse Wright, and Kenny Cutler from JLL played a crucial role as brokers representing their respective parties in the deal. Their expertise and negotiations contributed to the successful completion of the transaction.
Players
Spring Hill 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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93