Reinsurance Group Of America Provides $7.1M Loan For Winter Park Office Property
2699 Lee Rd, Winter Park, FL, 32789
$7,100,000
Building Size
—
Asset Type
Office
Closing
Feb 7, 2017
About this deal
AI
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.
On the Map
$7,100,000
Office
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Players
Winter Park 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93