Ocean Bank Provides $4.6M Refinance Loan For Industrial Property In Orlando Owned By Clay & Brad Cowherd
777 Central Boulevard
$4,600,000
$82/SF
Building Size
55,937 SF
Asset Type
Industrial
Closing
Apr 21, 2025
AI
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.
Players
Orlando Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93