Updated Dec 4, 2024
Starwood Capital Group Secures $46.6M Loan For Multifamily Property In Orlando
3757 Millenia Blvd, Orlando, FL, USA
$46,600,000
$2,979/SF
Building Size
15,642 SF
Asset Type
MultiFamily
Closing
Dec 7, 2020
About this deal
AI
The multifamily property located at 3757 Millenia Blvd in Orlando has been involved in a closed transaction. The property consists of 303 units and was sold on 12/08/2020. Barry Sternlicht shared an image of the property on Instagram.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $46,600,000
- Address: 3757 Millenia Blvd
- Market: Orlando
- Units: 303
The lender for this transaction was Berkeley Point Capital, and the landlord was Starwood Capital Group. Barry Sternlicht, the person who shared the image, is affiliated with Starwood Capital Group. The loan amount for the transaction was $46,600,000.
Players
Orlando 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93