Updated Sep 17, 2026
EDEN Living Secures Bridge Loan For Build To Rent Asset At 5901 Myrtle Drive
5901 Myrtle Drive
Building Size
—
Asset Type
MultiFamily
Closing
Jul 29, 2026
About this deal
AI
The property asset involved in the transaction is located at 5901 Myrtle Drive, within the market of The Villages. It is categorized as a Build to Rent asset type and involved a bridge loan, the specific details of which are not disclosed.
Summary of transaction details:
- Property Type: Build to Rent
- Transaction Amount: Not disclosed
- Address: 5901 Myrtle Drive
- Market: The Villages
- Borrower: Jay Massirman, Marc Chasin & Jay Jacobson - EDEN Living
- Brokers: Max La Cava & Melissa Marcolini Quinn - JLL
- Loan Type: Bridge
The deal involves prominent individuals in the real estate industry, including Jay Massirman, Marc Chasin, and Jay Jacobson, who represent EDEN Living as the borrowers in this transaction. The brokers facilitating the deal are Max La Cava and Melissa Marcolini Quinn from JLL.
Players
Wildwood 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93