JSB Capital Group And BLD Group Recapitalize MultiFamily Properties In Orlando & Fort Myers For $217M
Florida
See Similar DealsJSB Capital Group And BLD Group Recapitalize MultiFamily Properties In Orlando & Fort Myers For $217M
400 N Orlando Ave Winter Park, FL 32789, USA
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The property involved in this transaction is a multifamily asset with a total of 1,139 units. It is located at 400 North Orlando Avenue, 4206 Eastgate Drive, and 4051 Regata Way Lane in the markets of Orlando and Fort Myers. The loan and equity deal for this property took place on July 11, 2023.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $217,000,000
- Units: 1,139
- Lender: Freddie Mac
- Landlord: JSB Capital Group & BLD Group
- Broker Representatives: Mitch Sinberg, Brad Williamson, Matthew (Matt) Robbins, Scott Wadler, and Abigail Beauchamp - Berkadia
- Loan Type: Recapitalization
- Loan Terms: Fixed-rate loan with a 10-year term at a 60% loan-to-value. Related Fund Management provided $31.8 million in preferred equity.
The key individuals and companies involved in this deal include Mitch Sinberg, Brad Williamson, Matthew (Matt) Robbins, Scott Wadler, and Abigail Beauchamp, representing Berkadia as the brokers. The lenders in this transaction were Freddie Mac, and the landlords were JSB Capital Group and BLD Group.
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