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Bayshore Investment Partners Secures $13.2 Million Acquisition Loan For 70-Unit Multifamily In Davenport

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FINANCED
$13,200,000
Brad Williamson
Mitch Sinberg
Matthew (Matt) Robbins
+ 2

Florida

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MultiFamily1 SF
Financed 09/19/2024
the dealplayerscompscontact
Property Image
FINANCED

Bayshore Investment Partners Secures $13.2 Million Acquisition Loan For 70-Unit Multifamily In Davenport

2860 Cedar Ridge Ct

See Similar Deals
MultiFamily1 SF
Financed 09/19/2024
Brad Williamson
Mitch Sinberg
Matthew (Matt) Robbins
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$13,200,000
Total Square Footage:1 SF
Transaction Type:Loan

The asset involved in this transaction is a multifamily property consisting of 70 units located at 2860 Cedar Ridge Ct, Davenport. The total loan amount secured for the acquisition of this property is $13,200,000, provided by Fannie Mae.

Summary of transaction details:

Key individuals involved in this transaction include landlords Jose Tello and Efren Ales, representing Bayshore Investment Partners. The brokerage team facilitating the deal consists of Mitch Sinberg, Scott Wadler, Brad Williamson, Matthew Robbins, and Kyle Ryan, all from Berkadia.

Players

Brad Williamson
Berkadia
Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER
Mitch Sinberg
Berkadia
Mitch Sinberg
131 deals$8.3B volume(561) 609-4006
BROKER
Matthew (Matt) Robbins
Berkadia
Matthew Robbins
113 deals$6.8B volume
BROKER
Scott Wadler
Berkadia
Scott Wadler
160 deals$9.8B volume
BROKER
Kyle Ryan
Berkadia
Kyle Ryan
10 deals$275.2M volume
BROKER

Details

FINANCED
IMAGE: Kyle Ryan, Matthew Robbins, Brad Williamson, Mitch Sinberg, Jose Tello, Scott Wadler & Efren Ales DATE: 09/19/2024 ADDRESS: 2860 Cedar Ridge Ct MARKET: Davenport ASSET TYPE: Multifamily~ UNITS: 70 LENDER: Fannie Mae (@OfficialFannieMae) LANDLORD: Jose Tello & Efren Ales - Bayshore Investment Partners BROKERS: Mitch Sinberg (@MitchSinberg), Scott Wadler (@SWadler1), Brad Williamson, Matthew Robbins & Kyle Ryan - Berkadia (@Berkadia) LOAN AMOUNT: $13,200,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,200,000.00

Monthly NOI$88,000.00
Monthly Debt Service$83,432.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00