Vertix Group Refinances Office Buildings In Clearwater & Fort Lauderdale For $24M
FINANCED
$24,000,000
Florida
See Similar DealsOffice90,683 SF
Financed 09/28/2021
FINANCED
Vertix Group Refinances Office Buildings In Clearwater & Fort Lauderdale For $24M
2536 Countryside Blvd, Clearwater, FL, USA
See Similar DealsOffice90,683 SF
Financed 09/28/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$264
Total Square Footage:90,683 SF
Transaction Type:Loan
A refinance loan transaction has taken place involving an office property located at 2536 Countryside Blvd., 19321 US Hwy 19 North, and 2455 East Sunrise Blvd. The property is situated in Clearwater and Fort Lauderdale and spans a total area of 269,843 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,000,000
- Market: Clearwater & Fort Lauderdale
The loan was provided by Vertix Group, represented by Albert Arisso and Frank Hermosa. They facilitated the refinancing loan amount of $24,000,000 for the office property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,000,000.00
Monthly NOI$160,000.00
Monthly Debt Service$151,696.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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