Robert Horton Secures $23M Bridge Loan For Self-Storage/Retail Facility In Orlando

A mixed-use property comprising a self-storage and retail facility, located at 14806 Narcoossee Road in Orlando, FL, with a total square footage of 130,000 square feet was involved in a recent transaction. The property, a four-story building housing 969 storage units over first-floor retail spaces, was the subject of a bridge loan amounting to $23,000,000 at a loan-to-cost ratio of 77%. The loan terms included a fixed rate of 4.50% over the U.S. Treasury, full-term interest-only payments, and a non-recourse agreement.

Summary of transaction details:

• Property Type: Mixed-use, Self-Storage/Retail Facility
• Transaction Amount: $23,000,000
• Landlord: Reinerio Faife - FUTURA Development; Camilo Niño & Ricardo Uribe - Linkvest Capital
• Broker: Robert Horton - George Smith Partners
• Loan Type: Bridge Loan
• Market: Orlando, FL

Robert Horton, who led the transaction through George Smith Partners, successfully arranged the bridge loan for the property's lease-up. Collaborating on the deal were Reinerio Faife from FUTURA Development in partnership with Camilo Niño and Ricardo Uribe from Linkvest Capital. Notably, Robert Horton has transitioned to the role of Managing Director at Concord Summit Capital following this successful loan arrangement.