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4000 Headwaters Way, Orland...

Newmark Brokers Secure $41.3M Loan For Multifamily Property In Orlando
FINANCEDMultiFamily

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

Matthew Williams

Newmark

Broker

$956.3M

vol

12 deals

Broker
Uc
Unknown Correspondent life insurance companyLender

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