Newmark Brokers Secure $41.3M Loan For Multifamily Property In Orlando
4000 Headwaters Way, Orlando, FL, 3...
$41,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 20, 2021
AI
The property at 4000 Headwaters Way, Orlando, FL, 32839, involved in the transaction is a Multifamily asset. The loan amount for this property was $41,300,000.00 in a deal facilitated by an Unknown Correspondent life insurance company. The Borrower's Representatives were Kyle Schlitt from Newmark and Matthew (Matt) Williams also from Newmark.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $41,300,000.00
- Address: 4000 Headwaters Way, Orlando, FL, 32839
- Market: Orlando
- Borrower's Rep: Kyle Schlitt (Newmark), Matthew (Matt) Williams (Newmark)
- Lender: Unknown Correspondent life insurance company
The key individuals and companies involved in this deal were Kyle Schlitt from Newmark and Matthew (Matt) Williams from Newmark acting as the Borrower's Representatives. The lender in this transaction was an Unknown Correspondent life insurance company.
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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93