QuadReal Provides $176M Loan For Multifamily Properties In Kissimmee And Chandler
4350 Osceola Trail Road, Kissimmee, Florida 34746, United States
$176,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 25, 2022
AI
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
Kissimmee 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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93