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Seacoast Bank Provides $16 Million Refinance Loan For Development Site In Lakeland

Property Image
FINANCED
$16,000,000
Melissa Rose
Michael DiCosimo
Chevalier (Val) McWilliams

Florida

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Development Site201,420 SF
Financed 03/07/2025
the dealplayerscompscontact
Property Image
FINANCED

Seacoast Bank Provides $16 Million Refinance Loan For Development Site In Lakeland

State Road 33rd N

See Similar Deals
Development Site201,420 SF
Financed 03/07/2025
Melissa Rose
Michael DiCosimo
Chevalier (Val) McWilliams
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$79
Total Square Footage:201,420 SF
Transaction Type:Loan

The asset involved in the transaction is a development site located at 8161 State Road 33rd North in Lakeland. This property encompasses a total square footage of 201,420 and is part of a refinancing loan amounting to $16,000,000.

Summary of transaction details:

The transaction features key individuals such as Mark Levy and Andy Meran representing the landlord side through Altman Logistics. The transaction was brokered by Melissa Rose, Michael DiCosimo, and Val McWilliams from JLL, highlighting the collaborative effort involved in this refinancing deal.

Players

Michael DiCosimo
JLL
Michael DiCosimo
37 deals$1.6B volume(267) 418-2323
BROKER
Melissa Rose
JLL
Melissa Rose
54 deals$3.2B volume
BROKER
Chevalier (Val) McWilliams
JLL
Chevalier McWilliams
7 deals$325M volume
BROKER
Seacoast Bank
Seacoast Bank
LENDER

Details

FINANCED
IMAGE: Michael DiCosimo, Mark Levy, Melissa Rose, Andy Meran & Val McWilliams DATE: 03/07/2025 ADDRESS: 8161 State Road 33rd North MARKET: Lakeland ASSET TYPE: Development Site ~ SF: 201,420 LENDER: Seacoast Bank (@Seacoast_Bank) LANDLORD: Mark Levy & Andy Meran - Altman Logistics BROKERS: Melissa Rose (@MRose2110), Michael DiCosimo & Val McWilliams - JLL (@JLL) LOAN AMOUNT: $16,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,000,000.00

Monthly NOI$106,666.67
Monthly Debt Service$101,130.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00