Closed Deal · #10
33-Unit Multifamily in Fort Myers, FL — Multifamily Acquisition
$3,150,000 · Permanent Bank Acquisition Loan
Deal terms
- Property type
- 33-Unit Multifamily
- Location
- Fort Myers, FL
- Loan type
- Multifamily Acquisition
- Program
- Permanent Bank Acquisition Loan
- Leverage
- ~73% of purchase
- Rate
- 6.65%
- Deal value
- $3,150,000
How we structured it
A 33-unit, 2023-built multifamily most lenders would only touch as 10%+ bridge debt — placed instead as a permanent bank acquisition loan at 6.65%, with $70,250 in seller credits negotiated and a 12-month interest-only runway to lease up.
Bought below replacement cost with rents well under market — clear value-add upside as leases roll. Projected stabilized NOI: $280K–$340K. Figures illustrative; every deal varies.
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