FINANCEDMultiFamily
Michael Horowitz, Jordan Horowitz & David Horowitz Of Cooper Horowitz Secures $56.5M Construction Loan For 366-Unit Multifamily In Kissimmee
$56,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 17, 2026
AI
The asset involved in this transaction is a multifamily property located in Kissimmee, comprising 366 units. The loan amount secured for this construction project is $56,500,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $56,500,000
- Loan Type: Construction
- Date of Transaction: 06/18/2026
- Brokers Involved: Michael Horowitz, Jordan Horowitz & David Horowitz
- Brokerage Agency: Cooper Horowitz
The key individuals orchestrating this transaction are Michael Horowitz, Jordan Horowitz, and David Horowitz, who represented the property in the deal through their brokerage, Cooper Horowitz.
Players
Market 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93