Dasmen Residential Secures $95.2M Loan For 1,011-Unit Multifamily Portfolio In Orlando & Tampa

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.