Madison Realty Capital Provides $122M Construction Loan For MultiFamily Property In Port St Lucie
FINANCED
$122,000,000
+ 1
Florida
See Similar DealsMultiFamily612,000 SF
Financed 08/10/2023
FINANCED
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
See Similar DealsMultiFamily612,000 SF
Financed 08/10/2023
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$199
Total Square Footage:612,000 SF
Transaction Type:Loan
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
- Property Type: MultiFamily
- Transaction Amount: $122,000,000
- Lender: Madison Realty Capital
- Landlord: America Walks At Port St Lucie - Doug Leohr, Kevin Brokaw & Roman Paich
- Brokers: David Larson, Daniel Eidson, Keegan Burger & Daniel Rafael Rojo - Concord Summit Capital
- Loan Type: Construction Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$122,000,000.00
Monthly NOI$813,333.33
Monthly Debt Service$771,122.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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