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
Orlando 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93