Updated May 12, 2025
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
About this deal
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