FINANCEDMultiFamily
CREO Provides $31.65M Bridge Loan For Multifamily Property In Port Richey
8540 Robilina Road, Port Richey, FL, USA
$31,650,000
$116/SF
Building Size
271,175 SF
Asset Type
MultiFamily
Closing
Nov 16, 2021
AI
A multifamily property located at 8540 Roblina Road in Port Richey has been involved in a recent closed transaction. The property spans approximately 271,175 square feet and consists of 345 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,650,000
- Address: 8540 Roblina Road
- Market: Port Richey
- Loan Amount: $31,650,000
- Loan Type: Bridge
- Loan Term: 3.50% over libor, 3 year io term
The loan for this transaction was provided by CREO. Jonathan Singer from Strategic Funding acted as the broker in this deal.
Port Richey 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93