facebook
Traded Co logo
Submit
Daily limit: 0/10

Cores Management Secures $37.5M Refinancing For Azul Baldwin Park In Orlando

Property Image
FINANCED
$37,500,000
Peter Sherman
Jay Maddox
George Vail

Florida

See Similar Deals
MultiFamily
Financed 06/13/2023
the dealplayerscompscontact
Property Image
FINANCED

Cores Management Secures $37.5M Refinancing For Azul Baldwin Park In Orlando

4460 Lower Park Rd Orlando, FL 32814, USA

See Similar Deals
MultiFamily
Financed 06/13/2023
Peter Sherman
Jay Maddox
George Vail
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

Cores Management has secured a $37.5 million refinancing deal for the luxury community Azul Baldwin Park in Orlando. The five-year fixed rate loan arranged by Avison Young replaces a previous loan, offering improved interest cap rates for the property with a consistent 95% occupancy rate.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $37,500,000
  • Units: 178
  • Address: 4460 Lower Park Road, Orlando

The deal's brokers, Jay Maddox, Peter Sherman, and George Vail, representing Avison Young, played a crucial role in arranging the refinancing for Azul Baldwin Park.

Players

Jay Maddox
Avison Young
Jay Maddox
2 deals$157M volume
BROKER
Peter Sherman
Avison Young
Peter Sherman
7 deals$221.5M volume
BROKER
George Vail
Avison Young
George Vail
2 deals$6.3M volume(305) 458-7487
BROKER
CM
Cores Management
LANDLORD

Details

FINANCED
IMAGE: Peter Sherman, George Vail & Jay Maddox DATE: 06/13/2023 ADDRESS: 4460 Lower Park Road MARKET: Orlando ASSET TYPE: Multifamily ~ UNITS: 178 LANDLORD: Cores Management BROKERS: Jay Maddox, Peter Sherman & George Vail - Avison Young LOAN AMOUNT: $37,500,000 LOAN TYPE: Refinance LOAN TERMS: non-recourse, five-year fixed rate NOTE: Cores Management has secured a $37.5 million refinancing deal for the luxury community Azul Baldwin Park in Orlando. The five-year fixed rate loan arranged by Avison Young replaces a previous loan, offering improved interest cap rates for the property with a consistent 95% occupancy rate.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$37,500,000.00

Monthly NOI$250,000.00
Monthly Debt Service$237,025.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00