Updated Oct 28, 2024
Dasmen Residential Secures $95.2M Loan For 1,011-Unit Multifamily Portfolio In Orlando & Tampa
4500 Silver Star Road, Orlando, Florida 32808, United States
$95,200,000
Units
1,011
Asset Type
MultiFamily
Closing
Sep 20, 2022
About this deal
AI
The multifamily property located at 4500 Silver Star Road, 3024 South Rio Grande Avenue, 4757 Silver Star Road, 1250 Skipper Road, and 13101 Aarans Pond Drive in Orlando and Tampa has been involved in a recently closed transaction. The property consists of 1,011 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $95,200,000
- Loan Terms: 10-year, fixed-rate
- Loan Amount: $95,200,000
- Interest Rate: 4.63%
- Interest-only payments for the first five years
The loan for this transaction was provided by greystone''>Greystone. Dasmen Residential, represented by Michael Katz, is the landlord of the property. Marvin Jeremias from Crossmark Capital served as the broker in the deal.
Players
Orlando 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93