|Deal Type||Life Company|
The transaction includes a $41,398,000 ($139,858/unit) non-recourse, first mortgage loan secured by a 296-unit mid-rise apartment building, known as EOS, located in Orlando, FL. Built in 2015, the apartment community is comprised of single, four-story apartment building, situated on 12.75-acres of land. The proposed loan will be used for the acquisition of the property. The loan is structured with a 10-year term, with an initial 5-year interest only period, followed by a 30-year amortization schedule.