Capri Capital LP of Chicago arranged the six-year funding at 7.10 interest for owner Wimsatt-Mt. Washington I, a Kentucky limited partnership. The financing has a loan-to-value ratio of 80% and is being amortized over 25 years.
The campus-like 28-building complex, comprised of one-story and two-story structures, sits on 18.86 acres at 2400 Howell Branch Road, a major Winter Park thoroughfare.
The property has 45 efficiencies, 34 one-bedroom units, 193 two-bedroom units and 13 three-bedroom units. Average quoted rent is $500 per month.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
