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225 S Garland Ave, Orlando,...

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

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

225 S Garland Ave, Orlando, FL 32801, USA

$72,900,000

$335/SF

Building Size

217,000 SF

Asset Type

Mixed-use

Closing

Sep 29, 2020

AI

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

Berkadia

Broker

$933.1M

vol

21 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBrokerage
CIM Group
CIM GroupLender
Lincoln Property Company
Lincoln Property CompanyLandlord

Orlando 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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93