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
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