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2699 Lee Rd, Winter Park, F...

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

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

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.

Players

Zac Brumbaugh

CBRE

Broker

$22.1M

vol

2 deals

Broker
Reinsurance Group of America
Reinsurance Group of AmericaLender

Winter Park Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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