Newmark Brokers Secure $41.3M Loan For Multifamily Property In Orlando
FINANCED
$41,300,000
Florida
See Similar DealsMultiFamily
Financed 09/20/2021
FINANCED
Newmark Brokers Secure $41.3M Loan For Multifamily Property In Orlando
4000 Headwaters Way, Orlando, FL, 3...
See Similar DealsMultiFamily
Financed 09/20/2021
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$41,300,000.00
Monthly NOI$275,333.33
Monthly Debt Service$261,044.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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