Thomas Kochak Of ONE REI Secures $16 Million Bridge Loan For Development Site In Kissimmee
FINANCED
$16,000,000
Florida
See Similar DealsDevelopment Site
Financed 03/19/2026
FINANCED
Thomas Kochak Of ONE REI Secures $16 Million Bridge Loan For Development Site In Kissimmee
Sherberth Road
See Similar DealsDevelopment Site
Financed 03/19/2026
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
The property asset involved is a development site located at E/A Sherbert Road, N/O W US Highway & 0 Sherberth Road in the Kissimmee & Celebration market. The loan amount for this transaction is $16,000,000, categorized as a bridge loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $16,000,000
- Lender: Zack Simkins - Vaster
- Developer: Thomas Kochak - ONE REI
- Title Insurance: Jim Reichert
In this transaction, Zack Simkins serves as the lender from Vaster, while Thomas Kochak acts as the developer representing ONE REI. Jim Reichert is responsible for the title insurance in this deal.
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Deal Type
30 years
10 years
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
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