Trez Capital Provides $42.2M Construction Loan For Ritz-Carlton Residences In Orlando
FINANCED
$42,216,473
Florida
See Similar DealsDevelopment Site
Financed 03/18/2022
FINANCED
Trez Capital Provides $42.2M Construction Loan For Ritz-Carlton Residences In Orlando
4012 Central Florida Parkway, Orlando, Florida 32837, United States
See Similar DealsDevelopment Site
Financed 03/18/2022
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
The Ritz-Carlton Residences, located at 4012 Central Florida Parkway in Orlando, is a development site spanning 11.43 acres. This property is owned by Unicorp National Developments, represented by Chuck Whittall, and was the subject of a recent loan transaction.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $42,216,473
- Address: 4012 Central Florida Parkway - Ritz-Carlton Residences
- Market: Orlando
- Landlord: Unicorp National Developments - Chuck Whittall
- Lender: Trez Capital - Ben Jacobson
- Loan Type: Construction Loan
Trez Capital, represented by Ben Jacobson, provided a construction loan of $42,216,473 for the development of the Ritz-Carlton Residences on Central Florida Parkway. This loan will support the construction of the project, allowing Unicorp National Developments to bring their vision to life in Orlando's real estate market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,216,473.00
Monthly NOI$281,443.15
Monthly Debt Service$266,836.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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