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Flacks Group Secures $20.1M Construction Loan For Multifamily Property In Davenport, Orlando

1401 Davenport Boulevard
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This MultiFamily property located in FL received a loan of $20,100,000 about 2 years ago. The broker of the deal was Jeff Seidenfeld

The multifamily property located at 1401 Davenport Blvd in Davenport, Orlando, with a total of 132 units and 132,000 square feet, has recently undergone a loan transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $20,100,000
  • Market: Davenport, Orlando

The loan, totaling $20,100,000, was provided by Dwight Mortgage Trust. Adam Sasouness and Ian Hawk represented the lender in this transaction. The loan type was construction, indicating that it was used to finance the development or renovation of the property.

The landlord of the property is Flacks Group, represented by Michael Flacks and Jordan Desnick. The brokerage firm Sevenstone Capital, with Jeff Seidenfeld as the representative, facilitated the deal between the landlord and the lender.

"Everyone at Dwight made us feel like closing this loan was a priority for them,” said Jordan Desnick, Head of U.S. Real Estate at Flacks Group. “From the initial underwriting through loan closing, we felt like we were working with a team who fully embraced our vision for this site and our future plans."

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Deals
  • Location
    1401 Davenport Blvd, Davenport, Florida 33837, United States1401 Davenport Blvd, Davenport, Florida 33837, United States
  • Loan Value
    $20,100,000$20,100,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Lender1 Broker, 1 Lender

Agent

Jeff Seidenfeld

Jeff Seidenfeld

Deals2
Financed$49.1M

Dwight Capital

Dwight Capital

Lender
Deals59
Volume$ 29.4B

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Deal Summary

LOAN IMAGE: Jeff Seidenfeld, Ian Hawk, Adam Sasouness & Michael Flacks DATE: 03/16/2022 ADDRESS: 1401 Davenport Blvd MARKET: Davenport, Orlando ASSET TYPE: Multifamily ~ UNITS: 132 ~ SF: 132,000 LENDER: Dwight Mortgage Trust - Adam Sasouness & Ian Hawk LANDLORD: Flacks Group - Michael Flacks & Jordan Desnick BROKER: Jeff Seidenfeld - Sevenstone Capital LOAN AMOUNT: $20,100,000 LOAN TYPE: Construction NOTE FROM LENDER: "Everyone at Dwight made us feel like closing this loan was a priority for them,” said Jordan Desnick, Head of U.S. Real Estate at Flacks Group. “From the initial underwriting through loan closing, we felt like we were working with a team who fully embraced our vision for this site and our future plans."

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1401 Davenport Boulevard

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