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QuadReal Provides $176M Loan For Multifamily Properties In Kissimmee And Chandler

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FINANCED
$176,000,000

Florida

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MultiFamily
Financed 05/26/2022
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Property Image
FINANCED

QuadReal Provides $176M Loan For Multifamily Properties In Kissimmee And Chandler

4350 Osceola Trail Road, Kissimmee, Florida 34746, United States

See Similar Deals
MultiFamily
Financed 05/26/2022
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

quadreal''>QuadReal, a lender, provided a $176,000,000 loan to Starlight U.S. Residential for a multifamily property located at 4350 Osceola Trail Road in Kissimmee, Florida. The property comprises 691 units and is situated in the market of Kissimmee. The loan has a term of three years with a floating interest rate.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $176,000,000
  • Units: 691
  • Address: 4350 Osceola Trail Road, Kissimmee, Florida
  • Market: Kissimmee

The loan was facilitated by the brokers Matthew Williams, Kyle Schlitt, and James Maynard from Newmark.

Players

Matthew (Matt) Williams
12 deals$956.3M volume
BROKER

Kyle Schlitt
Newmark
11 deals$728.7M volume
BROKER

James Maynard
Newmark
10 deals$999.4M volume
BROKER

QuadReal
LENDER

Details

FINANCED
IMAGE: Matthew Williams, James Maynard & Kyle Schlitt DATE: 05/26/2022 ADDRESS: 4350 Osceola Trail Road & 555 S Galleria Way MARKET: Kissimmee & Chandler, Arizona ASSET TYPE: Multifamily ~ UNITS: 691 LENDER: QuadReal (@QuadRealGroup) LANDLORD: Starlight U.S. Residential BROKERS: Matthew Williams, Kyle Schlitt (@SchlittKyle) & James Maynard - Newmark (@Newmark) LOAN AMOUNT: $176,000,000 LOAN TERMS: three-year floating rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$176,000,000.00

Monthly NOI$1,173,333.33
Monthly Debt Service$1,112,439.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00