Located at 429 Beltway Surrounding in Orlando, this land asset spans an impressive 259 acres. The transaction, which took place on 06/24/2022, involved an acquisition loan of $50,000,000. The loan terms were nonrecourse and interest-only. The lender in this deal was Post Road Group, represented by Jason Carney. The landlord of the property is Kelly Park VB Development. The brokers involved in the transaction were Adam Hakim and James Murad from Meridian Capital Group.

Summary of transation details

• Property Type: Land
• Transaction Amount: $50,000,000
• Land Area: 259 acres
• Lender: Post Road Group - Jason Carney
• Landlord: Kelly Park VB Development
• Brokers: Adam Hakim & James Murad - Meridian Capital Group

The deal was made possible through an acquisition loan, providing the necessary funds for the transaction. The loan was structured as nonrecourse, meaning the lender's only recourse in the event of default is the collateral itself. Additionally, the loan terms were interest-only, allowing for the borrower to make interest payments without any principal payments during the designated period.