Taurus Investment Holdings Acquires 280-Unit Multifamily In Orlando With $48.1M Loan From CIBC
6500 Metrowest Boulevard, Orlando, FL, USA
$48,100,000
$193/SF
Building Size
248,591 SF
Asset Type
MultiFamily
Closing
Sep 8, 2021
AI
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
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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93