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Town Center Blvd & Grey Her...

Latigo Group Secures $59.6M Loan For Development Site On Town Center Blvd & Grey Heron Blvd In Davenport
FINANCEDDevelopment Site

Latigo Group Secures $59.6M Loan For Development Site On Town Center Blvd & Grey Heron Blvd In Davenport

Town Center Blvd & Grey Heron Blvd, Loughman, FL, USA

$59,600,000

Building Size

Asset Type

Development Site

Closing

Jan 3, 2021

AI

A development site located at Town Center Blvd & Grey Heron Blvd in Davenport was involved in a recent transaction. The property, owned by Nick Rotenberger and Scott Whittaker of Latigo Group, secured a loan amounting to $59,600,000.

Summary of transation details:

The deal was facilitated by a team of brokers from JLL, including Bercut Smith, Charles Halladay, Tarik Bateh, Jonah Aelyon, and Jen Swanson. This transaction highlights the collaboration between key individuals and companies in real estate, showcasing the expertise and professionalism involved in securing financing for development projects.

Players

Tarik Bateh

Broker

$62.3M

vol

2 deals

Broker
Scott Whittaker

Scott Whittaker

Latigo Group

Landlord

$627.4M

vol

9 deals

Landlord

Davenport Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93