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5901 Myrtle Drive

Updated Sep 17, 2026

Bilt advertisement
EDEN Living Secures Bridge Loan For Build To Rent Asset At 5901 Myrtle Drive
FINANCEDMultiFamily

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

Max La Cava

JLL

Broker

$1.8B

vol

50 deals

Broker

Jay Massirman

Buyer

$420.9M

vol

10 deals

Buyer

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

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