Updated Dec 21, 2023
Brookfield Real Estate Financial Partners Provides $210M Loan For Multifamily Properties In Fort Myers, Orlando, And Maitland
4051 Regata Way, Fort Myers, FL, USA
$210,000,000
Units
1,139
Asset Type
MultiFamily
Closing
Aug 9, 2020
About this deal
AI
Brookfield Real Estate Financial Partners has provided a $210 million loan for the acquisition of three multifamily properties. The properties involved in the transaction are located at 4051 Regata Way in Fort Myers, 4206 Eastgate Drive in Orlando, and 400 North Orlando Avenue in Maitland. The loan is a five-year, floating-rate financing arrangement.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $210,000,000
- Units: 1,139
The borrower entities in this transaction include BLD Group, represented by Michael Baumann, and GMF Capital, represented by Gary Fegel. The deal was facilitated by the brokerage firm Eastdil Secured.
Players
Fort Myers 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93