Updated Oct 29, 2024
East Hill Capital Acquires Orlando Property From Priderock Capital Partners For $151 Million
8150 Chatham Manor BLVD, Orlando...
$151,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 22, 2022
About this deal
AI
The property asset involved in this transaction is located at 8150 Chatham Manor Blvd, Orlando. The sale was finalized for a transaction amount of $151,000,000.00. The property covers zero square footage in the Orlando market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $151,000,000.00
- Address: 8150 Chatham Manor BLVD, Orlando
- Market: Orlando
- Buyer: East Hill Capital
- Seller: Priderock Capital Partners
- Buyer's Representative: Daniel "Danny" Matz-Newmark
- Seller's Representatives: Jordan "Jordy" Roeschlaub-Newmark, Daniel "Dan" Morin-Newmark, Dustin Stolly-Newmark
This transaction involves key representatives from Newmark, indicating a collaborative effort in the real estate market. The representatives play crucial roles in facilitating the deal between East Hill Capital and Priderock Capital Partners, showcasing their expertise in managing large-scale transactions.
Players
Orlando MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93