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2500 Consulate Dr, Orlando,...

Updated Oct 29, 2024

Lincoln Financial Group Loans $120M To McCraney Property Company In Orlando
FINANCEDCommercial

Lincoln Financial Group Loans $120M To McCraney Property Company In Orlando

2500 Consulate Dr, Orlando, FL, 32819

$120,000,000

Building Size

—

Asset Type

Commercial

Closing

Dec 29, 2021

About this deal

AI

The newly constructed Infinity Park, a 1.3 million-square-foot nine-building Class A logistics park in Orlando, FL located at 2500 Consulate Dr, has been refinanced through a $120 million loan. JLL Capital Markets, on behalf of McCraney Property Co. and Tavistock Development Co., secured a 10-year fixed-rate loan with Lincoln Financial Group for the property.

Summary of transaction details:

The loan was successfully secured by the JLL Capital Markets Debt Placement team led by Managing Director Melissa Rose, Director Maxx Carney, Associate Reid Carleton, and Analyst Maddy McMillen. The refinancing of Infinity Park showcases a strategic financial move by McCraney Property Co. and Tavistock Development Co. to optimize the potential of this prominent logistics park in Orlando.

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$120,000,000

Commercial

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Players

Maxx Carney

Bellwether Enterprise (BWE)

Broker

$987M

vol

20 deals

Broker
Lincoln Financial Group
Lincoln Financial GroupLender
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Orlando Commercial Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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