Calmwater Capital Provides $8.75M Bridge Loan For Industrial Property In Orlando
4121 34th Street
$8,750,000
$106/SF
Building Size
82,000 SF
Asset Type
Industrial
Closing
Jun 24, 2024
AI
The industrial property located at 4121 34th Street in Orlando spans 82,000 square feet. The recent transaction involved a Bridge Loan amounting to $8,750,000 with Larry Grantham, Ryan Altman, and Ryan Morrell from Calmwater Capital serving as the lenders. The property is owned by Capstone Equities, with the brokerage services provided by Jonathan Aghravi of JBA Equities.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,750,000
- Address: 4121 34th Street
- Market: Orlando
- Lender: Larry Grantham, Ryan Altman, and Ryan Morrell - Calmwater Capital
- Landlord: Capstone Equities
- Broker: Jonathan Aghravi - JBA Equities
The key individuals involved in the transaction include Larry Grantham, Ryan Altman, Ryan Morrell, and Jonathan Aghravi. Larry Grantham, Ryan Altman, and Ryan Morrell acted as the lenders providing the Bridge Loan, while Jonathan Aghravi facilitated the deal as the broker representing the parties involved in the property transaction.
Players
Orlando Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93