Taurus Investment Holdings Acquires 280-Unit Multifamily In Orlando With $48.1M Loan From CIBC
FINANCED
Florida
See Similar DealsMultiFamily248,591 SF
Financed 09/08/2021
FINANCED
Taurus Investment Holdings Acquires 280-Unit Multifamily In Orlando With $48.1M Loan From CIBC
6500 Metrowest Boulevard, Orlando, FL, USA
See Similar DealsMultiFamily248,591 SF
Financed 09/08/2021
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
LANDLORD
Details
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Deal Type
30 years
10 years
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
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