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111 E Washington St Orlando...

Berkadia Brokers Refinance Loan For Orlando Mixed-Use Property At 111 Washington Street & $40.7M Loan Amount
FINANCEDMixed-use

Berkadia Brokers Refinance Loan For Orlando Mixed-Use Property At 111 Washington Street & $40.7M Loan Amount

111 E Washington St Orlando, FL 32801, USA

$40,700,000

$249/SF

Building Size

163,436 SF

Asset Type

Mixed-use

Closing

Jun 15, 2023

AI

The property involved in this closed transaction is a mixed-use asset located at 111 Washington Street in Orlando. It consists of 164 units and has a total commercial square footage of 163,436.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $40,700,000
  • Address: 111 Washington Street, Orlando
  • Market: Orlando
  • Units: 164
  • Commercial SF: 163,436

The lender involved in this transaction is Morgan Stanley. The brokers who represented the parties in this deal were Charles Foschini, Christopher (Chris) Apone, and Shannon Wilson from Berkadia.

Players

Charles Foschini

Berkadia

Broker

$3.3B

vol

60 deals

Broker
Morgan Stanley
Morgan Stanley Lender

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93