Cocoa Grand Apartments
A multifamily property in Cocoa, Florida. Securitized in 1 CMBS deal in 2024.
$66.1MAppraised value (latest deal)
95.5%Occupancy
$4.0MUnderwritten NOI
6.0%Implied cap rate
- Address
- 305 Laredo Drive, Cocoa, FL 32926
- Property type
- Multifamily · Garden
- Year built
- 2022
- Size
- 268 Units
- Sponsor
- Sinatra & Company Real Estate LLC
- Loan purpose
- Acquisition
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2024-5C6 | 2024-09-12 | $66.1M | 95.5% | $4.0M | 6.0% | $46.9M | 71.0% | 1.26x | 424B |
Historical NOI reported in BMO 2024-5C6
| Period ending | NOI |
|---|---|
| 6/30/2024 | $3.6M |
| 12/31/2023 | $2.4M |
More CMBS properties in Florida →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.