Renasant Bank Provides $31,250,000 Refinance Loan To Silverpeak & Wendover Housing Partners In Kissimmee
FINANCED
$31,250,000
Florida
See Similar DealsMultiFamily
Financed 05/04/2026
FINANCED
Renasant Bank Provides $31,250,000 Refinance Loan To Silverpeak & Wendover Housing Partners In Kissimmee
500 Spencer Ave
See Similar DealsMultiFamily
Financed 05/04/2026
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 500 Spencer Avenue in Kissimmee. The property consists of 208 units and has been refinanced with a loan amount of $31,250,000. The transaction was facilitated through Renasant Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,250,000
- Address: 500 Spencer Avenue
- Market: Kissimmee
- Asset Units: 208
- Lender: Renasant Bank
- Landlord: Silverpeak & Wendover Housing Partners
- Landlord's Rep: Stephen Van Leer & John Flynn - JLL
- Loan Type: Refinance
The key individuals involved in this transaction include the landlords, Silverpeak and Wendover Housing Partners, who are represented by Stephen Van Leer and John Flynn from JLL. Their involvement has been instrumental in securing the refinancing through Renasant Bank, showcasing their expertise in managing multifamily assets.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,250,000.00
Monthly NOI$208,333.33
Monthly Debt Service$197,521.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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