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Pacific Coast Capital Partners Funds $85M Acquisition Loan For Orlando Multifamily Property

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FINANCED
$85,000,000
Tyler Swidler
Matt Wilcox
+ 4

Florida

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MultiFamily1,312 SF
Financed 11/01/2021
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FINANCED

Pacific Coast Capital Partners Funds $85M Acquisition Loan For Orlando Multifamily Property

8151 Patterson Woods Drive, Orlando, FL 32821, USA

See Similar Deals
MultiFamily1,312 SF
Financed 11/01/2021
Tyler Swidler
Matt Wilcox
+ 4
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$64,786
Total Square Footage:1,312 SF
Transaction Type:Loan

An acquisition loan has been originated by Pacific Coast Capital Partners, LLC for the purchase of a multifamily property in Orlando. The property, located at 8151 Patterson Woods Drive, consists of 384 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $85,000,000
  • Address: 8151 Patterson Woods Drive
  • Market: Orlando
  • Units: 384

The lender for this transaction is Pacific Coast Capital Partners, and the landlord is Trion Properties. Berkadia represented the buyer in the deal, with Scott Wadler, Brad Williamson, Wes Moczul, Brett Moss, Matt Wilcox, Jaret Turkell, and Tyler Swidler serving as the brokers.

The three-year, floating-rate loan provided by Pacific Coast Capital Partners amounts to $85 million, which includes $80 million in initial funding and an additional $5 million for capital improvements. The loan also offers extension options for the borrower.

Players

Brad Williamson
108 deals$6.9B volume(786) 646-2580
BROKER

Matt Wilcox
Berkadia
6 deals$439.3M volume
BROKER

Brett Moss
Berkadia
11 deals$912.8M volume
BROKER

Tyler Swidler
Berkadia
10 deals$812.2M volume
BROKER

Scott Wadler
Berkadia
163 deals$10.1B volume
BROKER

Wesley Moczul
Berkadia
20 deals$905.2M volume
BROKER

Jaret Turkell
Berkadia
49 deals$3.2B volume
BROKER

Trion Properties
BROKERAGE


Details

FINANCED
IMAGE: Wes Moczul, Scott Wadler, Brad Williamson Brett Moss, Matt Wilcox, Jaret Turkell & Tyler Swidler DATE: 11/01/2021 ADDRESS: 8151 Patterson Woods Drive MARKET: Orlando ASSET TYPE: Multifamily ~ UNITS: 384 LENDER: Pacific Coast Capital Partners LANDLORD: Trion Properties BROKERS: Scott Wadler, Brad Williamson, Wes Moczul, Brett Moss, Matt Wilcox, Jaret Turkell, Tyler Swidler - Berkadia LOAN AMOUNT: $85,000,000 LOAN TYPE: Acquisition loan LOAN TERMS: Pacific Coast Capital Partners, LLC, originated a three-year, floating-rate loan for $85 million. It includes $80 million in initial funding and $5 million in future funding for capital improvements with extension options.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$85,000,000.00

Monthly NOI$566,666.67
Monthly Debt Service$537,257.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00