Apartments in Orlando, Fla., Area Sell for $25.75Mln

Written by Dan Moynihan

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Cohen Goldstein Investment Strategies has paid $25.75 million, or $155,120/unit, for 166 rental units at the Cane Island apartment property in the Orlando, Fla., suburb of Kissimmee, Fla.

The Los Angeles investor bought the 11-year-old property, at 5251 Cane Island Loop, from its developer, D.R. Horton, which was represented by ARA.

It funded its purchase with an $18.75 million mortgage from Ladder Capital Finance, which securitized it recently. The loan has a 10-year term and requires only interest payments for the first five years. It then amortizes on a 35-year schedule. It pays a coupon of 4.365 percent.

The gated property sits on a 16-acre...

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Additional Info

Syndicate to Realpoint: No
Cities: Ontario
States: Florida
Sector: Multifamily
Subject: Property Acquisitions (ACQ)
Valuation: Between $25 million and $50 million
Private: Yes

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Data Digest

CMBS DELINQUENCY VOLUME

CMBS SPECIAL SERVICING VOLUME

Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank	#Deals	Vol$mln	MktShr%
Goldman Sachs	17.59	11,819.34	13.68
JPMorgan Securities	14.52	10,968.11	12.70
Citigroup	12.04	10,012.71	11.59
Wells Fargo Securities	14.02	9,936.06	11.50
Deutsche Bank	12.55	9,879.74	11.44

RCA CPPI

CMBS 2.0 Spreads

Top CMBS Loan Contributors - 2017
Lender	#Loans	Vol$mln	MktShr%
Goldman Sachs	146.89	11,719.34	13.63
JPMorgan Chase Bank	117.68	10,114.14	11.76
Deutsche Bank	198.48	9,689.97	11.27
Morgan Stanley	166.18	8,539.78	9.93
Citigroup	199.05	8,088.24	9.41

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