ROI Capital Group Secures $53M Loan For Multifamily Property On Timuquana Rd In Jacksonville With Voya Investment Management
5327 Timuquana Road
$53,000,000
Units
444
Asset Type
MultiFamily
Closing
Sep 7, 2022
AI
The multifamily property located at 5327 Timuquana Rd in Jacksonville has been involved in a recent transaction. The property consists of 444 units and is owned by ROI Capital Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,000,000
- Lender: Voya Investment Management
- Landlord: ROI Capital Group
- Brokers: Wesley Moczul, Matt Robbins, Mitch Sinberg, Scott Wadler & Brad Williamson - Berkadia
- Loan Type: Acquisition
The loan for this transaction was provided by Voya Investment Management. Wesley Moczul, Matt Robbins, Mitch Sinberg, Scott Wadler, and Brad Williamson from Berkadia represented the buyer in the deal.
Players
Jacksonville 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93