Deutsche Bank Refinances Office Building In Orlando For $53.8M
2300 Discovery Drive, Orlando, Florida 32826, United States
$53,800,000
Building Size
—
Asset Type
Office
Closing
Aug 11, 2022
About this deal
AI
The Orlando office property located at 2300 Discovery Dr has undergone a refinancing transaction. The loan amount for this transaction was $53,800,000. Deutsche Bank provided the loan. The property is owned by DRA Advisors JV Tower Realty Partners. The asset is an office building situated in the Orlando market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $53,800,000
- Lender: Deutsche Bank
- Landlord: DRA Advisors JV Tower Realty Partners
The deal was facilitated by Berkadia, with Scott Wadler, Alec Fox, Brad Williamson, Matthew Robbins, and Mitch Sinberg representing the parties involved. They acted as brokers in the refinancing transaction.
On the Map
$53,800,000
Office
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Players
Orlando Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93