Updated May 14, 2026
Renasant Bank Provides $31,250,000 Refinance Loan To Silverpeak & Wendover Housing Partners In Kissimmee
500 Spencer Ave
$31,250,000
Units
208
Asset Type
MultiFamily
Closing
May 3, 2026
About this deal
AI
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.
On the Map
$31,250,000
MultiFamily
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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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93