Updated Mar 11, 2025
NewPoint Real Estate Capital LLC Provides $20.6M Acquisition Loan For Multifamily Property In Holiday Holiday
4348 Plaza Drive, Holiday, Florida 34691, United States
$20,616,000
$283/SF
Building Size
72,796 SF
Asset Type
MultiFamily
Closing
Dec 19, 2021
About this deal
AI
The multifamily property located at 4348 Plaza Dr in Holiday has been recently involved in a closed transaction. The property consists of 244 units, making it a significant asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,616,000
- Address: 4348 Plaza Dr, Holiday
- Market: Holiday
- Units: 244
NewPoint Real Estate Capital LLC, represented by John D. Motzel, acted as the lender in this acquisition loan. The loan amount was $20,616,000, which supported the purchase of the multifamily property. The loan terms included a 10-year duration with interest-only payments for the first four years.
Players
Holiday 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93