Gideon Friedman & Amir Hazan Of Beachwold Residential Secures $176.6 Million Construction Loan In Orlando
11600 Mackay Boulevard
$176,000,000
$346/SF
Building Size
508,121 SF
Asset Type
Student Housing
Closing
Jun 29, 2026
AI
The asset involved in this transaction is a student housing facility located at 11600 Mackay Boulevard in Orlando, featuring 1,395 beds. A construction loan amounting to $176,600,000 has been secured for this property.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $176,600,000
- Landlord: Gideon Friedman & Amir Hazan
- Landlord's Representative: Mona Carlton, Elliott Throne, Joshua Odessky, Michael Romero, JJ Hovenden & Luke Maganas
- Market: Orlando
Key individuals involved in the transaction include the landlords Gideon Friedman and Amir Hazan, representing Beachwold Residential. The landlord's representatives are part of JLL, including Mona Carlton, Elliott Throne, Joshua Odessky, Michael Romero, JJ Hovenden, and Luke Maganas, facilitating the loan process for the construction of the property.
Players
Orlando Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93