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International Parkway

Matt Adler Of ZOM And Ricardo Caporal Of Mattoni Landlord $47.9M Loan For Multifamily In Lake Mary
FINANCEDMultiFamily

Matt Adler Of ZOM And Ricardo Caporal Of Mattoni Landlord $47.9M Loan For Multifamily In Lake Mary

International Parkway

$46,800,000

Building Size

Asset Type

MultiFamily

Closing

Oct 27, 2025

AI

The property at 897 Allure Ln in Lake Mary consists of 178 multifamily units and has received a construction loan amounting to $47,900,000 from Renasant Bank. The transaction involves debt and equity financing related to the development of the asset.

Summary of transaction details:

This transaction involves notable representatives in the real estate brokerage sector, including Scott Wadler, Mitch Sinberg, Brad Williamson, Matt Robbins, Bryan Brown, and Alec Fox, who are all associated with Berkadia. They played a key role in facilitating the loan arrangement and managing the interests of the landlord in this multifamily asset development.

Players

Brad Williamson

Berkadia

Broker

$7B

vol

111 deals

Broker
Berkadia
BerkadiaBrokerage
Renasant Bank
Renasant BankLender

Lake Mary 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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93