FINANCED
Dasmen Residential Secures $95.2M Loan For 1,011-Unit Multifamily Portfolio In Orlando & Tampa
4500 Silver Star Road, 3024 South Rio Grande Avenue, 4757 Silver Star Road, 1250 Skipper Road & 13101 Aarans Pond Drive
MultiFamily
Summary
Loan
FLORIDA
MultiFamily
The multifamily property located at 4500 Silver Star Road, 3024 South Rio Grande Avenue, 4757 Silver Star Road, 1250 Skipper Road, and 13101 Aarans Pond Drive in Orlando and Tampa has been involved in a recently closed transaction. The property consists of 1,011 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $95,200,000
- Loan Terms: 10-year, fixed-rate
- Loan Amount: $95,200,000
- Interest Rate: 4.63%
- Interest-only payments for the first five years
The loan for this transaction was provided by greystone''>Greystone. Dasmen Residential, represented by Michael Katz, is the landlord of the property. Marvin Jeremias from Crossmark Capital served as the broker in the deal.
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Details
FINANCED
IMAGE: Marvin Jeremias
DATE: 09/21/2022
ADDRESS: 4500 Silver Star Road, 3024 South Rio Grande Avenue, 4757 Silver Star Road, 1250 Skipper Road & 13101 Aarans Pond Drive
MARKET: Orlando & Tampa
ASSET TYPE: Multifamily ~ UNITS: 1,011
LENDER: Greystone (@GreystoneCREF)
LANDLORD: Dasmen Residential (@DasmenResidential) - Michael Katz
BROKER: Marvin Jeremias - Crossmark Capital (@CrossmarkCapital)
LOAN AMOUNT: $95,200,000
LOAN TERMS: 10-year, fixed-rate, the financing was secured at a 4.63 percent interest rate with interest-only payments for the first five yearsView on map
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Address4500 Silver Star Road, 3024 South Rio Grande Avenue, 4757 Silver Star Road, 1250 Skipper Road & 13101 Aarans Pond Drive
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