Young Development Refinances Multifamily Property In Cape Coral With $41.6M Loan From Greystone | 701 Southwest Pine Island Road | Greystone | Kevin Coscia, Kyle Jemtrud, Wilson Molitor | MultiFamily | Loan

Summary

Loan

FLORIDA

MultiFamily

The multifamily property located at 701 Southwest Pine Island Road in Cape Coral has recently undergone a refinancing transaction. The property consists of 280 units and is owned by Young Development.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $41,664,000
Lender: Greystone
Brokers: Kyle Jemtrud, Kevin Coscia, and Wilson Molitor from Greystone

The loan for the refinancing was provided by Greystone. The terms of the loan are a 10-year Fannie Mae loan with 5 years of interest-only payments.

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5

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1
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1

Details

Deal Summary

FINANCED

IMAGE: Kevin Coscia, Kyle Jemtrud & Wilson Molitor DATE: 02/08/2024 ADDRESS: 701 Southwest Pine Island Road MARKET: Cape Coral ASSET TYPE: Multifamily ~ UNITS: 280 LENDER: Greystone (@Greystonecref) LANDLORD: Young Development BROKERS: Kyle Jemtrud & Wilson Molitor - Greystone; Kevin Coscia - Largo Capital LOAN AMOUNT: $41,664,000 LOAN TYPE: Refinance LOAN TERMS: 10 year Fannie Mae, 5 years I/o

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Address701 Southwest Pine Island Road

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