Ally Commercial Real Estate Secures $27.5M Acquisition Loan For Special Purpose Property In Fort Myers, FL
2021 Topgolf Way, Fort Myers, Florida 33966, United States
$27,500,000
$610/SF
Building Size
45,040 SF
Asset Type
—
Closing
Mar 29, 2022
About this deal
AI
The special purpose property located at 2021 Top Golf Wy. in Fort Myers, FL has been involved in a closed transaction. The property spans approximately 45,040 square feet. The deal was facilitated by Trevor Damyan from Ally Commercial Real Estate.
Summary of transaction details:
- Property Type: Special Purpose
- Transaction Amount: $27,500,000
- Loan Type: Acquisition
- Loan Terms: Interest Only, 5.85% Fixed, 85% LTC
Trevor Damyan from Ally Commercial Real Estate played a crucial role in ensuring the success of this deal. Their expertise and experience in the market contributed to the smooth acquisition process.
Players
Fort Myers CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93