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3701 Danforth Dr 100th, Jac...

Beachwold Residential Secures $10.9M Freddie Mac Optigo Loan For Jacksonville And Apopka Multifamily Properties
FINANCEDMultiFamily

Beachwold Residential Secures $10.9M Freddie Mac Optigo Loan For Jacksonville And Apopka Multifamily Properties

3701 Danforth Dr 100th, Jacksonville, Florida 32224, United States

$10,900,000

Building Size

Asset Type

MultiFamily

Closing

Apr 13, 2022

AI

Beachwold Residential has secured a loan from Freddie Mac Optigo℠ for a multifamily property transaction. The asset involved in this deal is located at 3701 Danforth Dr. in Jacksonville and 3000 Foxhill Circle in Apopka. This multifamily property comprises 498 units.

Summary of Transaction Details:

Elliott Throne, Mona Carlton, Kenny Cutler, Joshua Odessky, and Karim Khaiboullin from JLL Capital Markets represented Beachwold Residential in securing this loan from Freddie Mac Optigo℠.

Players

Mona Carlton

JLL

Broker

$412.5M

vol

10 deals

Broker
Freddie Mac
Freddie MacLender
Beachwold Residential
Beachwold ResidentialLandlord

Jacksonville 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

1.46%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93