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CIM Group Provides $72.9M Loan For Mixed-Use Property In Orlando

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FINANCED
$72,900,000

Florida

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Mixed-use217,000 SF
Financed 09/30/2020
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FINANCED

CIM Group Provides $72.9M Loan For Mixed-Use Property In Orlando

225 S Garland Ave, Orlando, FL 32801, USA

See Similar Deals
Mixed-use217,000 SF
Financed 09/30/2020
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$335
Total Square Footage:217,000 SF
Transaction Type:Loan

Located at 225 South Garland Avenue in Orlando, this mixed-use property was involved in a recent loan transaction. The loan amount of $72,900,000 was facilitated by CIM Group, represented by Shaul Kuba and Avi Shemesh. The loan terms were set for a five-year period. The property spans across 217,000 square feet and serves as a versatile space for various purposes.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $72,900,000
  • Address: 225 South Garland Avenue, Orlando
  • Market: Orlando
  • Loan Terms: Five-year
  • Square Footage: 217,000

Notable individuals and companies involved in the transaction include Mason Capital Partners, Lincoln Property Co., and Pope & Land Co. acting as the landlords. The brokerage services were provided by Michael Weinberg, Rebecca Van Reken, and Alec Fox from Berkadia.

Players

Michael Weinberg
21 deals$933.1M volume
BROKER

Rebecca Van Reken
Berkadia
7 deals$406.4M volume
BROKER

Lincoln Property Company
BROKERAGE

CIM Group
LENDER

Details

FINANCED
IMAGE: Shaul Kuba, Avi Shemesh, Michael Weinberg, & Rebecca Van Reken⁠ DATE: 09/30/2020⁠ ADDRESS: 225 South Garland Avenue⁠ MARKET: Orlando⁠ ASSET TYPE: Mixed-Use⁠ LENDER: CIM Group - Shaul Kuba & Avi Shemesh⁠ LANDLORD: Mason Capital Partners, Lincoln Property Co., Pope & Land Co.⁠ BROKERS: Michael Weinberg, Rebecca Van Reken, & Alec Fox - Berkadia⁠ LOAN AMOUNT: $72,900,000⁠ LOAN TERMS: five-year⁠ SF: 217,000⁠

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$72,900,000.00

Monthly NOI$486,000.00
Monthly Debt Service$460,777.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00