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JSB Capital Group And BLD Group Recapitalize MultiFamily Properties In Orlando & Fort Myers For $217M

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FINANCED
$217
Brad Williamson
Mitch Sinberg
+ 2

Florida

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MultiFamily
Financed 07/11/2023
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FINANCED

JSB Capital Group And BLD Group Recapitalize MultiFamily Properties In Orlando & Fort Myers For $217M

400 N Orlando Ave Winter Park, FL 32789, USA

See Similar Deals
MultiFamily
Financed 07/11/2023
Brad Williamson
Mitch Sinberg
+ 2
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Abigail Beauchamp
Berkadia
15 deals$589.5M volume
BROKER

Freddie Mac
LENDER


LANDLORD

Details

FINANCED
IMAGE: & EQUITY IMAGE: Matthew Robbins, Mitch Sinberg, Scott Wadler, Brad Williamson & Abigail Beauchamp DATE: 07/11/2023 ADDRESS: 400 North Orlando Avenue, 4206 Eastgate Drive & 4051 Regata Way Lane MARKET: Orlando & Fort Myers ASSET TYPE: MultiFamily ~ UNITS: 1139 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: JSB Capital Group & BLD Group (@BLD_Group) BROKERS: Mitch Sinberg (@TheJewishIceberg), Brad Williamson, Matthew (Matt) Robbins, Scott Wadler (@SWadler1) & Abigail Beauchamp - Berkadia (@Berkadia) LOAN & EQUITY AMOUNT: $217,000,000 LOAN TYPE: Recapitilization 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.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$217.00

Monthly NOI$1.45
Monthly Debt Service$1.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00