Max Kra Of Ackman-Ziff Represents Lender RRA Capital In $11.3 Million Loan For Industrial Asset In Winter Garden
851 E Maple St.
$11,300,000
$256/SF
Building Size
44,000 SF
Asset Type
Industrial
Closing
Aug 23, 2021
AI
The asset involved in this transaction is an industrial property located at 851 E Maple St. in the Winter Garden market. A loan amount of $11,300,000.00 was secured for this property. The associated lender for this loan is RRA Capital.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,300,000.00
- Address: 851 E Maple St.
- Market: Winter Garden
- Lender: RRA Capital
- Brokers: Max Kra - Ackman-Ziff
Max Kra from Ackman-Ziff represents the interests of the brokers involved in this transaction. The deal took place on August 23, 2021, detailing the coordination between the lender and brokers for the successful loan arrangement.
Players
Winter Garden 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93