Ocean Bank Provides $4.6M Refinance Loan For Industrial Property In Orlando Owned By Clay & Brad Cowherd
FINANCED
$4,600,000
Florida
See Similar DealsIndustrial55,937 SF
Financed 04/21/2025
FINANCED
Ocean Bank Provides $4.6M Refinance Loan For Industrial Property In Orlando Owned By Clay & Brad Cowherd
777 Central Boulevard
See Similar DealsIndustrial55,937 SF
Financed 04/21/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$82
Total Square Footage:55,937 SF
Transaction Type:Loan
The asset involved in this transaction is an industrial property located at 777 West Central Boulevard, Orlando, with a total square footage of 55,937. The loan amount secured for this property is $4,600,000, categorized as a refinance. The lender for this transaction is Ocean Bank.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,600,000
- Lender: Ocean Bank
- Landlord: Clay & Brad Cowherd
- Broker: Ziv Cohen - Cohen Capital Group
- Loan Type: Refinance
The transaction is facilitated by Ziv Cohen from Cohen Capital Group, representing the interests of the landlord, Clay & Brad Cowherd. This refinancing deal indicates ongoing investment in the industrial market within the Orlando area.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,600,000.00
Monthly NOI$30,666.67
Monthly Debt Service$29,075.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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