Updated Oct 28, 2024
Churchill Real Estate Provides $35M Construction Loan For Multi-Family Development In Kissimmee, FL
Old Vineland Road
$35,000,000
$145/SF
Building Size
240,000 SF
Asset Type
MultiFamily
Closing
Feb 17, 2022
About this deal
AI
Located on Old Vineland Road in Kissimmee, FL, this multi-family property spans over 240,000 square feet. The property was acquired by a Miami-based developer.
Summary of transaction details:
- Property Type: Multi-Family
- Transaction Amount: $35,000,000
- Address: Old Vineland Road, Kissimmee, FL
- Market: Kissimmee, FL
The loan for this property was provided by Churchill Real Estate in the form of a $35,000,000 construction loan. Jeff Rosenfeld and Sean Robertson, representatives from Churchill Real Estate, facilitated the loan. Max La Cava and Brian Gaswirth, brokers from JLL, represented the parties involved in the transaction.
Churchill Real Estate is known for its active involvement in providing stretch-senior construction loans in the Build-to-Rent space. For loan inquiries, you can reach out to Jeff Rosenfeld at [email protected] or Sean Robertson at [email protected].
On the Map
$35,000,000
$145/SF
MultiFamily
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Players
Kissimmee 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93