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Reinsurance Group Of America Provides $7.1M Loan For Winter Park Office Property

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FINANCED
$7,100,000

Florida

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Office
Financed 02/07/2017
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FINANCED

Reinsurance Group Of America Provides $7.1M Loan For Winter Park Office Property

2699 Lee Rd, Winter Park, FL, 32789

See Similar Deals
Office
Financed 02/07/2017
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Summary

FLORIDA
Asset Type:Office
Transaction Type:Loan

The office located at 2699 Lee Rd, Winter Park, FL, 32789 in Winter Park has been involved in a loan transaction. The loan amount of $7,100,000.00 was secured by the borrower with Zac Brumbaugh from CBRE representing them, while the lender was the Reinsurance Group of America.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $7,100,000.00
  • Address: 2699 Lee Rd, Winter Park, FL, 32789
  • Market: Winter Park

Zac Brumbaugh from CBRE acted as the borrower's representative in the deal, ensuring the successful closing of the loan with Reinsurance Group of America. This transaction highlights the pivotal role played by key individuals and companies in facilitating property financing within the Winter Park market.

Players

Zac Brumbaugh
2 deals$22.1M volume(407) 839-3133
BROKER

Reinsurance Group of America
LENDER

Details

FINANCED
IMAGE: 02/07/2017 ADDRESS: 2699 Lee Rd, Winter Park, FL, 32789 MARKET: Winter Park ASSET TYPE: Office BORROWER'S REP: Zac Brumbaugh(CBRE) LENDER: Reinsurance Group of America LOAN AMOUNT: $7,100,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,100,000.00

Monthly NOI$47,333.33
Monthly Debt Service$44,876.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00