Taurus Investment Holdings, represented by Peter A. Merrigan, recently completed a recapitalization loan transaction in the Orlando and Tampa markets. The property involved in the deal is a multifamily asset consisting of 640 units, located at 6421 Conroy Road and 5412 Deerbrook Creek Circle. The loan amount for this transaction was $85,650,000, with differing terms for the two properties.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $85,650,000
• Units: 640
• Addresses: 6421 Conroy Road & 5412 Deerbrook Creek Circle
• Markets: Orlando & Tampa

The recapitalization loan for Rosemont Windermere, located at 6421 Conroy Road, is a three-year loan with interest-only payments and an aggressive floating interest rate. On the other hand, the Lofton Place Apartments, situated at 5412 Deerbrook Creek Circle, secured a ten-year term loan, with the first five years having interest-only payments and also a floating interest rate.

Berkadia Boca Raton represented the borrower, Taurus Investment Holdings, in this transaction. The brokerage team involved in the deal includes Mitch Sinberg, Matt Robbins, Brad Williamson, Scott Wadler, and Hugo Hernandez, who worked on behalf of Taurus Investment Holdings. They played a crucial role in facilitating the loan and ensuring a successful transaction for all parties involved.