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:
- Property Type: Development Site
- Transaction Amount: $59,600,000
- Market: Davenport
- Brokers: Bercut Smith, Charles Halladay, Tarik Bateh, Jonah Aelyon, & Jen Swanson - JLL
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
Davenport Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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