Updated Oct 25, 2024
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
About this deal
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
- 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.
On the Map
$122,000,000
$199/SF
MultiFamily
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Players
Village 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93