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Taurus Investment Holdings Acquires 280-Unit Multifamily In Orlando With $48.1M Loan From CIBC

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FINANCED
$48,100,000

Florida

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MultiFamily248,591 SF
Financed 09/08/2021
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Property Image
FINANCED

Taurus Investment Holdings Acquires 280-Unit Multifamily In Orlando With $48.1M Loan From CIBC

6500 Metrowest Boulevard, Orlando, FL, USA

See Similar Deals
MultiFamily248,591 SF
Financed 09/08/2021
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$193
Total Square Footage:248,591 SF
Transaction Type:Loan

Taurus Investment Holdings has secured a loan of $48,100,000 from Canadian Imperial Bank of Commerce (CIBC) for the acquisition of a multifamily property located at 6500 Metrowest Boulevard in Orlando. The property consists of 280 units and is situated in the Orlando market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $48,100,000
  • Address: 6500 Metrowest Boulevard
  • Market: Orlando
  • Units: 280

The loan provided by CIBC will allow Taurus Investment Holdings to acquire the multifamily property. The deal was facilitated by brokers Chris Caison and Josh Davis from Newmark.

Players

Chris Caison
3 deals$165.1M volume
BROKER

Josh Davis
Newmark
3 deals$165.1M volume
BROKER

Canadian Imperial Bank of Commerce
LENDER

Details

FINANCED
IMAGE: Josh Davis & Chris Caison DATE: 09/08/2021 ADDRESS: 6500 Metrowest Boulevard MARKET: Orlando ASSET TYPE: Multifamily ~ UNITS: 280 LENDER: Canadian Imperial Bank of Commerce (CIBC) LANDLORD: Taurus Investment Holdings BROKERS: Chris Caison & Josh Davis - Newmark LOAN AMOUNT: $48,100,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$48,100,000.00

Monthly NOI$320,666.67
Monthly Debt Service$304,024.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00