QuadReal Provides $176M Loan For Multifamily Properties In Kissimmee And Chandler
FINANCED
Florida
See Similar DealsMultiFamily
Financed 05/26/2022
FINANCED
QuadReal Provides $176M Loan For Multifamily Properties In Kissimmee And Chandler
4350 Osceola Trail Road, Kissimmee, Florida 34746, United States
See Similar DealsMultiFamily
Financed 05/26/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
quadreal''>QuadReal, a lender, provided a $176,000,000 loan to Starlight U.S. Residential for a multifamily property located at 4350 Osceola Trail Road in Kissimmee, Florida. The property comprises 691 units and is situated in the market of Kissimmee. The loan has a term of three years with a floating interest rate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $176,000,000
- Units: 691
- Address: 4350 Osceola Trail Road, Kissimmee, Florida
- Market: Kissimmee
The loan was facilitated by the brokers Matthew Williams, Kyle Schlitt, and James Maynard from Newmark.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$176,000,000.00
Monthly NOI$1,173,333.33
Monthly Debt Service$1,112,439.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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