Trez Capital Provides $42.2M Construction Loan For Ritz-Carlton Residences In Orlando
4012 Central Florida Parkway, Orlando, Florida 32837, United States
$42,216,473
Building Size
—
Asset Type
Development Site
Closing
Mar 17, 2022
AI
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.
Players
Orlando 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93