facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Loan

/

6500 Metrowest Boulevard, O...

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

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

Chris Caison

Newmark

Broker

$165.1M

vol

3 deals

Broker
Canadian Imperial Bank of Commerce
Canadian Imperial Bank of CommerceLender
Taurus Investment Holdings
Taurus Investment HoldingsLandlord

Orlando MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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