Wolfson BTR Secures $62 Million Bridge Loan From Genesis Capital For Kissimmee Multifamily Development

The property asset involved in this transaction is a multifamily development located at 402 Cielo Lindo Loop in Kissimmee. The asset comprises 214 units, covering a total square footage of 1,096,689. It is designed as a build-to-rent (BTR) community, developed by Wolfson BTR, indicating a strategic focus on rental offerings rather than traditional sales.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $62,000,000
• Loan Type: Bridge
• Lender: Rob Brauchli - Genesis Capital
• Landlord: Adam Wolfson, John Mulkey & Noah Wolfson - Wolfson BTR
• Number of Units: 214
• Total Square Footage: 1,096,689
• Market: Kissimmee
• Development: Encanto Isla
• Construction Partners: Paragon Group and First Florida
• Funding: Phased disbursement as construction progresses

The key individuals involved in this deal include Rob Brauchli, who represents Genesis Capital, providing financing solutions for real estate investors. The landlords, Adam Wolfson, John Mulkey, and Noah Wolfson, operate under Wolfson BTR, a noted developer in the build-to-rent sector since 2017, with nearly 2,000 homes currently in their pipeline.