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5762 Folkstone Lane, Orland...

Taurus Investment Holdings & Aegon Asset Management Refinances Multifamily Property In Orlando For $58.6M
FINANCEDMultiFamily

Taurus Investment Holdings & Aegon Asset Management Refinances Multifamily Property In Orlando For $58.6M

5762 Folkstone Lane, Orlando, Florida 32822, United States

$58,560,000

Units

296

Asset Type

MultiFamily

Closing

May 5, 2022

AI

5762 Folkstone Ln in Orlando has been refinanced for a loan amount of $58,560,000. The property is a multifamily asset with 296 units. The landlords involved in this transaction are Taurus Investment Holdings and Aegon Asset Management. The deal was facilitated by brokers Mitch Sinberg, Matthew Robbins, Brad Williamson, and Scott Wadler from Berkadia.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $58,560,000
  • Address: 5762 Folkstone Ln
  • Market: Orlando
  • Units: 296

Matthew Robbins, Mitch Sinberg, Brad Williamson, and Scott Wadler from Berkadia represented the deal as brokers. The loan, which was for refinancing purposes, was secured for the property located at 5762 Folkstone Ln in Orlando.

Players

Brad Williamson

Berkadia

Broker

$7.4B

vol

118 deals

Broker
Aegon Asset Management
Aegon Asset ManagementLender
Taurus Investment Holdings
Taurus Investment HoldingsLandlord

Orlando 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

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93