Updated Oct 28, 2024
Eagle Property Capital Secures $35M Loan For Orlando Multifamily Property
5975 Curry Ford Road, Orlando, FL 32822
$35,000,000
Units
310
Asset Type
MultiFamily
Closing
Jan 25, 2022
About this deal
AI
The multifamily property located at 5975 Curry Ford Road & 5953 Curry Ford Road in Orlando has recently undergone a closed transaction. The property comprises 310 units and is owned by Eagle Property Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $35,000,000
- Loan Amount: $35,000,000
- Loan Terms: 10-year loan, with five years of interest only
- Lender: Fannie Mae
- Landlord: Eagle Property Capital
- Brokers: Mitch Sinberg, Matt Robbins, Abigail Beauchamp & Brad Williamson - Berkadia
Mitch Sinberg, Matt Robbins, Abigail Beauchamp, and Brad Williamson from Berkadia represented the parties involved in this transaction.
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93