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:
- Property Type: Multifamily
- Transaction Amount: $10,900,000
- Market: Jacksonville & Apopka
- Lender: Freddie Mac Optigo℠
- Landlord: Beachwold Residential
- Brokers: Elliott Throne, Mona Carlton, Kenny Cutler, Joshua Odessky & Karim Khaiboullin - JLL Capital Markets
- Loan Terms: sub-seven-year, fixed-rate
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
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