Centennial Bank Provides $40M Construction Loan To Unicorp National Developments Inc. For Celebration Pointe Development Site
FINANCED
$40,000,000
Florida
See Similar DealsDevelopment Site127,277 SF
Financed 10/26/2021
FINANCED
Centennial Bank Provides $40M Construction Loan To Unicorp National Developments Inc. For Celebration Pointe Development Site
World Drive, Celebration, FL, USA
See Similar DealsDevelopment Site127,277 SF
Financed 10/26/2021
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$314
Total Square Footage:127,277 SF
Transaction Type:Loan
A development site located at Celebration Pointe World Drive & Interstate 4 in Celebration has been involved in a closed transaction. The property spans a total of 127,277 square feet. The transaction took place on October 26, 2021, and was documented in a post shared by Chuck Whittall on Instagram.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $40,000,000
- Address: Celebration Pointe World Drive & Interstate 4, Celebration
- Market: Celebration
The loan for the transaction was provided by Centennial Bank, with a loan amount of $40,000,000. The loan type was specified as construction. Unicorp National Developments Inc., represented by Chuck Whittall, served as the landlord in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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