Updated Oct 13, 2026
American Commercial Realty Acquires Multifamily Properties In Gainesville For $37M Loan With Fannie Mae
3600 Windmeadows Boulevard, Gainesville, Florida 32608, United States
$37,000,000
Units
460
Asset Type
MultiFamily
Closing
Jan 30, 2022
About this deal
AI
Four multifamily properties in Gainesville have been involved in a recent loan transaction. The properties, located at 3600 Windmeadows Blvd, 321 NW 21st Ln, 3316 SW 41st Pl, and 3751 SW 20th Ave, comprise a total of 460 units.
Summary of Transation Details:
- Property Type: Multifamily
- Transaction Amount: $37,000,000
- Loan Terms: 10-year, fixed-rate
The loan for this transaction was provided by Fannie Mae. The landlord of these properties is American Commercial Realty, represented by Rick Baer. The deal was facilitated by brokers Elliott Throne, Kenny Cutler, and Karim Khaiboullin of JLL.
On the Map
$37,000,000
MultiFamily
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Players
Gainesville 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93