Updated Apr 14, 2026
Thomas Kochak Of ONE REI Secures $16 Million Bridge Loan For Development Site In Kissimmee
Sherberth Road
$16,000,000
Building Size
—
Asset Type
Development Site
Closing
Mar 18, 2026
About this deal
AI
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.
On the Map
$16,000,000
Development Site
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Kissimmee 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93