Highland Realty Capital Arranges $67M Fixed Rate Bridge Loan For Multifamily Property In Orlando
FINANCED
$67,000,000
Florida
See Similar DealsMultiFamily302,322 SF
Financed
FINANCED
Highland Realty Capital Arranges $67M Fixed Rate Bridge Loan For Multifamily Property In Orlando
355 Rosalind Avenue
See Similar DealsMultiFamily302,322 SF
Financed
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$221
Total Square Footage:302322 SF
Transaction Type:Loan
The multifamily property located at 355 N Rosalind Ave in Orlando recently underwent a loan transaction. The property spans approximately 302,322 square feet and consists of 389 units. The loan was facilitated by Jeffrey K. Eliason and Leland Ortega from Highland Realty Capital.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $67,000,000
- Loan Type: Acquisition
- Loan Terms: Fixed Rate Bridge Loan, 3+1+1 Term
This loan was obtained for the acquisition of the multifamily property at 355 N Rosalind Ave. Jeffrey K. Eliason and Leland Ortega, representing Highland Realty Capital, played a crucial role in facilitating the loan.
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Deal Type
30 years
10 years
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
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