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Newmark Brokers Secure $122.15M Acquisition Loan For Chatham Square Apartments In Orlando

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FINANCED
$122,150,000
Danny Matz
Daniel (Dan) Morin
Dustin Stolly
+ 1

Florida

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MultiFamily533,458 SF
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FINANCED

Newmark Brokers Secure $122.15M Acquisition Loan For Chatham Square Apartments In Orlando

8150 Chatham Manor Boulevard

See Similar Deals
MultiFamily533,458 SF
Danny Matz
Daniel (Dan) Morin
Dustin Stolly
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$229
Total Square Footage:533,458 SF
Transaction Type:Loan

The Chatham Square Apartments have been sold in a recent transaction in Orlando. The multifamily property, located at 8150 Chatham Manor Boulevard, consists of 448 units and spans a total of 533,458 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $122,150,000
  • Address: 8150 Chatham Manor Boulevard
  • Market: Orlando
  • Units: 448
  • Square Feet: 533,458

The loan for this acquisition was provided by KKR. The landlords involved in the deal include The Bascom Group represented by Jerry Fink and Jim Singleton, East Hill Capital Partners represented by Duff Bedrosian, and Leste Group represented by Josh Patinkin.

The brokers involved in the transaction were Jordan Roeschlaub, Dustin Stolly, Danny Matz, and Dan Morin from Newmark.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
266 deals$49.3B volume
BROKER
Daniel (Dan) Morin
Newmark
Daniel Morin
11 deals$1.2B volume
BROKER
Danny Matz
Newmark
Danny Matz
28 deals$3.3B volume
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
322 deals$96.3B volume
BROKER

Details

FINANCED
IMAGE: Danny Matz, Jerry Fink, Jordan Roeschlaub, Duff Bedrosian, Dustin Stolly, Josh Patinkin, Dan Morin & Jim Singleton DATE: 04/25/2022 ADDRESS: 8150 Chatham Manor Boulevard - Chatham Square Apartments MARKET: Orlando ASSET TYPE: Multifamily ~ UNITS: 448 ~ SF: 533,458 LENDER: KKR LANDLORD: The Bascom Group - Jerry Fink & Jim Singleton; East Hill Capital Partners - Duff Bedrosian; Leste Group - Josh Patinkin (@Tankdeez) BROKERS: Jordan Roeschlaub (@JordyRoeschlaub), Dustin Stolly, Danny Matz (@MatzyPants) & Dan Morin - Newmark (@Newmark) LOAN AMOUNT: 122,150,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$122,150,000.00

Monthly NOI$814,333.33
Monthly Debt Service$772,071.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00