FINANCED
Starwood Property Trust Provides $59M Bridge Loan For Orlando MultiFamily Property
2100 West Oak Ridge Road
MultiFamily
Financed 1 year ago
Summary
Loan
FLORIDA
MultiFamily
Charles Foschini, Scott Wadler, and Chris Apone were involved in a recent loan transaction for a multifamily property in Orlando. The property, located at 2100 W. Oak Ridge Road, consists of 320 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $59,000,000
- Address: 2100 W. Oak Ridge Road
- Market: Orlando
- Units: 320
The loan for this transaction was provided by Starwood Property Trust. East Hill Capital Partners and The Bascom Group are the landlords involved in the deal. The brokers who facilitated the transaction were Charles Foschini, Chris Apone, and Scott Wadler from Berkadia.
The loan amount for this transaction was $59,000,000. It was a four-year, floating-rate bridge loan, with full-term interest-only and one 12-month extension option. The loan included $54 million in initial funding, with an additional future funding of $5.83 million.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Charles Foschini, Scott Wadler & Chris Apone
DATE: 12/23/2021
ADDRESS: 2100 W. Oak Ridge Road
MARKET: Orlando
ASSET TYPE: MultiFamily ~ UNITS: 320
LENDER: Starwood Property Trust
LANDLORD: East Hill Capital Partners & The Bascom Group
BROKERS: Charles Foschini (@Gladesman1), Chris Apone & Scott Wadler - Berkadia
LOAN AMOUNT: $59,000,000
LOAN TYPE: Bridge Loan
LOAN TERMS: four-year, floating-rate bridge loan, with full-term interest-only and one 12-month extension option. The loan includes $54 million in initial funding and $5.83.83 million of future funding.View on map
Loading...
Address2100 West Oak Ridge Road
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want