Updated Oct 29, 2024
Mainstay Senior Living LLC Acquires Multifamily Property In Plant City For $6.6M
748 Hunter Creek Drive, Plant City, FL, USA
$6,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 29, 2020
About this deal
AI
The multifamily property located at 748 Hunter Creek Drive in Plant City has been involved in a closed transaction. The property, owned by Mainstay Senior Living LLC, was recently dealt with the assistance of Laura Smith and Rafael Nobo from Berkadia. The transaction took place on 12/30/2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,600,000
- Address: 748 Hunter Creek Drive
- Market: Plant City
Laura Smith and Rafael Nobo, representing Berkadia, played a crucial role in facilitating this deal. They served as brokers for Mainstay Senior Living LLC, ensuring a successful transaction.
Plant City 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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93