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8500 Sw America Walks Blvd,...

Madison Realty Capital Provides $122M Construction Loan For MultiFamily Property In Port St Lucie
FINANCEDMultiFamily

Madison Realty Capital Provides $122M Construction Loan For MultiFamily Property In Port St Lucie

8500 Sw America Walks Blvd, Port St. Lucie, Fl 34987, United States

$122,000,000

$199/SF

Building Size

612,000 SF

Asset Type

MultiFamily

Closing

Aug 10, 2023

AI

The multi-family property located at 8500 SW America Walks Blvd in Port St Lucie has been involved in a recent loan transaction. The property spans 612,000 square feet and consists of 146 units.

Summary of transaction details

The loan amount for this transaction is $122,000,000. Madison Realty Capital served as the lender in this deal. The property's landlord is America Walks At Port St Lucie, represented by Doug Leohr, Kevin Brokaw, and Roman Paich. The brokers involved in the transaction were David Larson, Daniel Eidson, Keegan Burger, and Daniel Rafael Rojo, who are from Concord Summit Capital.

Players

Daniel Rafael Rojo

Concord Summit Capital

Broker

$452M

vol

8 deals

Broker
Madison Realty Capital
Madison Realty CapitalLender

Village MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93