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
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:
- Property Type: Commercial
- Transaction Amount: $120,000,000.00
- Market: Orlando
- Borrower: McCraney Property Company
- Lender: Lincoln Financial Group
- Borrower's Representatives: Maddy McMillen(JLL), Maxx Carney(JLL), Reid Carleton(JLL)
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.
Players
Orlando Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
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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