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8072 Poinciana Boulevard, O...

Viewpoint Equities Acquires Multifamily In Orlando For $72.5M
FINANCEDMultiFamily

Viewpoint Equities Acquires Multifamily In Orlando For $72.5M

8072 Poinciana Boulevard, Orlando, Florida 32821, United States

$72,500,000

Building Size

Asset Type

MultiFamily

Closing

Jun 7, 2022

AI

8072 Poinciana Boulevard in Orlando has been sold in a closed property transaction. The property is a multifamily asset consisting of 296 units situated on 10.72 acres. The transaction took place on 06/08/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $72,500,000
  • Address: 8072 Poinciana Boulevard
  • Market: Orlando
  • Units: 296
  • Acres: 10.72

The property was acquired by Viewpoint Equities. The brokers involved in the transaction, representing Viewpoint Equities, were Bill Chiles, Scott Peterson, Brian Cruz, Morgon Fraser, and Colby Matzke from CBRE. The loan obtained for the acquisition amounted to $72,500,000. It was a seven-year, fixed-rate loan.

Players

Brian Cruz

CBRE

Broker

$225.6M

vol

5 deals

Broker
VE
Viewpoint EquitiesLandlord

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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93