TerraCap Management Secures $74.6M Loan For Orlando Multifamily Property | 5215 Millenia Boulevard | CBRE Global Investors | MultiFamily | Loan

Summary

Loan

FLORIDA

MultiFamily

36,825 sqft

Located at 5215 Millenia Blvd in Orlando, this multifamily property consists of 371 units. The transaction was closed on 12/17/2021, with CBRE Investment Management providing a loan amount of $74,600,000 on a floating rate loan with an initial term of four years. The property is managed by TerraCap Management, and the deal was facilitated by Newmark as the broker.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $74,600,000
Address: 5215 Millenia Blvd
Market: Orlando
Units: 371

CBRE Investment Management, represented by Charles Kim, provided the loan for this transaction. The loan terms include a floating rate with an initial term of four years. TerraCap Management serves as the landlord for the property, and Newmark acted as the broker in the deal.

Players

All
1

Lenders
1

CBRE Global Investors

Details

Deal Summary

FINANCED

IMAGE: Charles Kim DATE: 12/17/2021 ADDRESS: 5215 Millenia Blvd MARKET: Orlando ASSET TYPE: Multifamily ~ UNITS: 371 LENDER: CBRE Investment Management - Charles Kim LANDLORD: TerraCap Management BROKER: Newmark LOAN AMOUNT: $74,600,000 LOAN TERMS: floating rate loan has an initial term of four years

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Address5215 Millenia Boulevard

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