Updated Dec 12, 2024
NewPoint Real Estate Capital Provides $50.7M Agency Loan For Kissimmee Multifamily Property
400 Hidden Palm Cir, Kissimmee, Florida 34747, United States
$50,700,000
Units
288
Asset Type
MultiFamily
Closing
Jul 31, 2022
About this deal
AI
A multifamily property located at 400 Hidden Palm Cir in Kissimmee has been involved in a recent closed transaction. The property consists of 288 units, making it a significant asset in the market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $50,700,000
- Address: 400 Hidden Palm Cir, Kissimmee
- Market: Kissimmee
- Lender: NewPoint Real Estate Capital - Marc Cesare
- Landlord: American Landmark
- Loan Type: Agency Loan
- Loan Terms: 10-year, fixed-rate
The financing for this transaction was provided by NewPoint Real Estate Capital. Marc Cesare, representing NewPoint Real Estate Capital, facilitated the loan process. American Landmark is the landlord of the property.
Players
Kissimmee 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93