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Highland Realty Capital Provides $57.5M Acquisition Loan For Orlando Multifamily Property

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FINANCED
$57,500,000

Florida

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MultiFamily219,813 SF
Financed
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Property Image
FINANCED

Highland Realty Capital Provides $57.5M Acquisition Loan For Orlando Multifamily Property

899 N Orange Ave, Orlando, FL 32801

See Similar Deals
MultiFamily219,813 SF
Financed
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$261
Total Square Footage:219813 SF
Transaction Type:Loan

Located at 899 N Orange Ave in Orlando, this multifamily property consists of 246 units with a total square footage of 219,813. It was recently involved in an acquisition deal, facilitated by Highland Realty Capital.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $57,500,000
  • Loan Type: Acquisition
  • Loan Terms: 2+1+1+1 Acquisition Bridge Loan, Sub 3.00% Spread, 5.75% Exit DY

Highland Realty Capital, represented by Jeffrey K. Eliason & Leland Ortega, served as the lender and broker in this transaction. They played a crucial role in securing a $57,500,000 loan for the acquisition of this property.

Players

Jeffrey Eliason
10 deals$404.3M volume
BROKER

Leland Ortega
Highland Realty Capital
10 deals$347.3M volume
BROKER

Highland Realty Capital
LENDER

Details

FINANCED
IMAGE: Jeffrey K. Eliason & Leland Ortega DATE: 04/04/2022 ADDRESS: 899 N Orange Ave MARKET: Orlando ASSET TYPE: Multifamily ~ UNITS: 246 ~ SF: 219,813 LENDER: Highland Realty Capital BROKERS: Jeffrey K. Eliason & Leland Ortega - Highland Realty Capital LOAN AMOUNT: $57,500,000 LOAN TYPE: Acquisition LOAN TERMS: 2+1+1+1 Acquisition Bridge Loan, Sub 3.00% Spread, 5.75% Exit DY

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$57,500,000.00

Monthly NOI$383,333.33
Monthly Debt Service$363,439.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00