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:
- Property Type: Multifamily
- Transaction Amount: $47,900,000
- Loan Type: Construction
- Lender: Renasant Bank
- Landlord: Matt Adler - ZOM & Ricardo Caporal - Mattoni
- Brokers: Scott Wadler, Mitch Sinberg, Brad Williamson, Matt Robbins, Bryan Brown & Alec Fox - Berkadia
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
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