Max Kra Of Ackman-Ziff Represents Lender RRA Capital In $11.3 Million Loan For Industrial Asset In Winter Garden
FINANCED
$11,300,000
Florida
See Similar DealsIndustrial44,000 SF
Financed 08/23/2021
FINANCED
Max Kra Of Ackman-Ziff Represents Lender RRA Capital In $11.3 Million Loan For Industrial Asset In Winter Garden
851 E Maple St.
See Similar DealsIndustrial44,000 SF
Financed 08/23/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$256
Total Square Footage:44,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,300,000.00
Monthly NOI$75,333.33
Monthly Debt Service$71,423.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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