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
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