Updated Feb 10, 2026
Kinsley Properties LLC Secures $6M Loan For 56-Unit Multifamily Acquisition In Lakeland
915 Ariana Street
$6,000,000
Units
56
Asset Type
MultiFamily
Closing
Feb 9, 2026
About this deal
AI
915 Ariana Street is a multifamily property located in Lakeland, Florida, comprising 56 units. The acquisition financing secured for this asset amounts to $6,000,000, arranged with a 10-year term and five years of interest-only payments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Loan Type: Acquisition
- Loan Terms: 10-year term, with five years of interest-only
- Landlord: Kinsley Properties LLC
- Broker: Eric Fixler - Northmarq
Eric Fixler, representing Northmarq’s West Palm Beach Debt + Equity team, facilitated the acquisition financing for Kinsley Properties LLC through Northmarq’s Fannie Mae DUS platform, demonstrating the firm's capability in securing extensive debt solutions in the multifamily sector.
On the Map
$6,000,000
MultiFamily
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Lakeland 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93