Highland Realty Capital Provides $57.5M Acquisition Loan For Orlando Multifamily Property
FINANCED
Florida
See Similar DealsMultiFamily219,813 SF
Financed
FINANCED
Highland Realty Capital Provides $57.5M Acquisition Loan For Orlando Multifamily Property
899 N Orange Ave, Orlando, FL 32801
See Similar DealsMultiFamily219,813 SF
Financed
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
LENDER
Details
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Deal Type
30 years
10 years
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
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