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500 Spencer Ave

Renasant Bank Provides $31,250,000 Refinance Loan To Silverpeak & Wendover Housing Partners In Kissimmee
FINANCEDMultiFamily

Renasant Bank Provides $31,250,000 Refinance Loan To Silverpeak & Wendover Housing Partners In Kissimmee

500 Spencer Ave

$31,250,000

Building Size

Asset Type

MultiFamily

Closing

May 3, 2026

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.

Players

John Flynn

JLL

Broker

$1.1B

vol

20 deals

Broker
Renasant Bank
Renasant BankLender

Kissimmee MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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