Terian Group Secures $92.5 Million Construction Loan From PCCP For Multifamily Asset In Orlando
650 N. Hampton Avenue, Orlando, Fl, 32803
$92,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 31, 2026
AI
The property asset involved in this transaction is a multifamily building located at 650 North Hampton Avenue in Orlando, comprising 336 units. The transaction involves a construction loan amounting to $92,500,000 provided by PCCP.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $92,500,000
- Loan Type: Construction
- Lender: PCCP
- Landlord: Terian Group
- Landlord's Representative: Melissa Marcolini Quinn, Lee Weaver, Rob Rothaug & Alex Riva - JLL
The transaction involved several key individuals from JLL representing Terian Group, which includes Melissa Marcolini Quinn, Lee Weaver, Rob Rothaug, and Alex Riva. Their involvement highlights the professional team facilitating the construction loan process for the multifamily property.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93