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GSH Real Estate Secures $59 Million Refinance Loan From Freddie Mac For Multifamily Asset In Altamonte Springs

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FINANCED
$59,000,000
Clifford (Cliff) Welden
Anthony Orso
+ 1

Florida

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MultiFamily300,000 SF
Financed 01/02/2025
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FINANCED

GSH Real Estate Secures $59 Million Refinance Loan From Freddie Mac For Multifamily Asset In Altamonte Springs

895 Wymore Road

See Similar Deals
MultiFamily300,000 SF
Financed 01/02/2025
Clifford (Cliff) Welden
Anthony Orso
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$196
Total Square Footage:300,000 SF
Transaction Type:Loan

The property involved in this transaction is located at 895 Wymore Road in Altamonte Springs, comprising a multifamily asset with 324 units. The financing secured involves a loan amount of $59,000,000 for refinancing purposes, with a debt term of 5 years, an all-in rate of 5.33%, and full term interest-only payments. Additionally, there is a $17 million cash infusion of hybrid preferred/JV equity.

Summary of transation details:

The deal involved key individuals and companies, including Freddie Mac as the lender and GSH Real Estate as the landlord. The brokerage team representing the transaction comprises Ricky Warner, Henry Stimler, Anthony Orso, and Clifford Welden from Newmark, who played a crucial role in facilitating the refinance of the property.

Players

Anthony Orso
7 deals$7.4B volume
BROKER

Henry Stimler
Newmark
53 deals$4.7B volume
BROKER

Clifford (Cliff) Welden
Newmark
7 deals$5.4B volume
BROKER

Ricky Warner
Newmark
40 deals$2.5B volume(818) 687-0714
BROKER

Freddie Mac
LENDER

Details

FINANCED
IMAGE: Ricky Warner, Henry Stimler, Anthony Orso & Clifford Welden DATE: 01/02/2025 ADDRESS: 895 Wymore Road MARKET: Altamonte Springs ASSET TYPE: Multifamily ~ UNITS: 324 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: GSH Real Estate BROKERS: Ricky Warner (@RickyWarner1), Henry Stimler (@HenryStimler), Anthony Orso & Clifford Welden (@Cliff_well_done) - Newmark (@Newmark) LOAN AMOUNT: $59,000,000 LOAN TYPE: Refinance LOAN TERMS: DEBT - 5yr Term | 5.33% All-in Rate | Full Term IO EQUITY- $17MM Cash Infusion of Hybrid Pref/JV Equity

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$59,000,000.00

Monthly NOI$393,333.33
Monthly Debt Service$372,920.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00