Latitude at South Portland
A multifamily property in Portland, Maine. Securitized in 1 CMBS deal in 2023.
$86.4MAppraised value (latest deal)
99.2%Occupancy
$4.4MUnderwritten NOI
5.1%Implied cap rate
- Address
- 350 Clarks Pond Parkway, Portland, ME 04106
- Property type
- Multifamily · Mid Rise
- Year built
- 2020-2021
- Size
- 256 Units
- Sponsor
- Christopher Urso and Lisa Urso
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2023-C4 | 2023-02-14 | $86.4M | 99.2% | $4.4M | 5.1% | $27.0M | 63.9% | 1.58x | 424B |
Historical NOI reported in BMO 2023-C4
| Period ending | NOI |
|---|---|
| 10/31/2022 | $3.8M |
| 12/31/2021 | $1.6M |
More CMBS properties in Maine →
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%.