The Geneva Group Secures $19.6M Loan For Industrial Portfolio In Orlando, FL
FINANCED
$19,600,000
Florida
See Similar DealsIndustrial45,000 SF
Financed 06/21/2021
FINANCED
The Geneva Group Secures $19.6M Loan For Industrial Portfolio In Orlando, FL
3501 Parkbreeze Court, Orlando, FL, USA
See Similar DealsIndustrial45,000 SF
Financed 06/21/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$435
Total Square Footage:45,000 SF
Transaction Type:Loan
A 292,232 SF industrial portfolio comprised of nine (9) industrial/flex warehouse buildings located at 3501 Parkbreeze Court in Orlando, FL has been involved in a recent loan transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $19,600,000
- Loan Terms: 7-year term with 18-months of interest only payments
- Loan Type: Acquisition/Refinance
The loan was secured for the aforementioned industrial portfolio at a fixed rate of 3.75%. The borrower will benefit from 18 months of interest-only payments before transitioning into a regular repayment schedule. The loan is intended for the purpose of acquisition and refinancing.
The landlord of the industrial portfolio is The Geneva Group, represented by Jarred Elmar. The broker involved in the transaction is Eric Trombly.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,600,000.00
Monthly NOI$130,666.67
Monthly Debt Service$123,885.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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