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8800 Boardwalk Trail Drive

Reserve At Boardwalk Holdings Secures $45.5 Million Bridge Loan From Ease Capital For Multifamily Asset
FINANCEDMultiFamily

Reserve At Boardwalk Holdings Secures $45.5 Million Bridge Loan From Ease Capital For Multifamily Asset

8800 Boardwalk Trail Drive

$45,500,000

$208/SF

Building Size

218,389 SF

Asset Type

MultiFamily

Closing

Sep 4, 2024

AI

The property asset involved in the transaction is located at 8800 Boardwalk Trail Drive in Temple Terrace, FL. This multifamily asset encompasses a total of 218,389 square feet and includes 290 units. The loan amount secured for this property is $45,500,000, classified as a bridge loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $45,500,000
  • Address: 8800 Boardwalk Trail Drive
  • Market: Temple Terrace, FL
  • Square Footage: 218,389
  • Units: 290
  • Lender: Ease Capital
  • Originators: Barclay Lynch & Trevor Hanson
  • Landlord: Reserve at Boardwalk Holdings
  • Landlord's Representatives: Mark Vinitsky & Ralph Wurzburger - Lument
  • Loan Type: Bridge

The key individuals in this transaction include Barclay Lynch and Trevor Hanson, who served as the originators for the loan, while Mark Vinitsky and Ralph Wurzburger represented the landlord, Reserve at Boardwalk Holdings, during the deal process.

Players

Mark Vinitsky

Lument

Broker

$269.8M

vol

9 deals

Broker
Lument
LumentLender

Temple Terrace 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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93