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Garrett Fierstein Of Marcus & Millichap Secures $4M Refinance Loan For Office In Kissimmee

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FINANCED
$4,000,000

Florida

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Office101,772 SF
Financed 03/28/2025
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Property Image
FINANCED

Garrett Fierstein Of Marcus & Millichap Secures $4M Refinance Loan For Office In Kissimmee

3501 West Vine Street

See Similar Deals
Office101,772 SF
Financed 03/28/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$39
Total Square Footage:101,772 SF
Transaction Type:Loan

The property is an office asset located at 3501 West Vine Street in the Kissimmee market. It has secured a refinance loan amount of $4,000,000.00. This loan is structured as a 10-year loan with an interest rate of 6.25%, featuring a 30-year amortization period.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,000,000.00
  • Loan Type: Refinance
  • Loan Terms: 10-year loan with a 6.25% interest rate and 30-year amortization
  • Address: 3501 West Vine Street
  • Market: Kissimmee

Garrett Fierstein from Marcus & Millichap represented the broker in this refinance transaction involving the office asset. The deal showcases the collaboration between financial institutions and real estate brokerage to facilitate the loan process.

Players

Garrett Fierstein
Marcus & Millichap
Garrett Fierstein
21 deals$126.6M volume
BROKER

Details

FINANCED
IMAGE: Garrett Fierstein DATE: 03/28/2025 ADDRESS: 3501 West Vine Street MARKET: Kissimmee ASSET TYPE: Office ~ SF: 101,772 BROKER: Garrett Fierstein - Marcus & Millichap Capital Corporation (@MMCapCorp) (@MarcusMillichapInc) LOAN AMOUNT: $4,000,000 LOAN TYPE: Refinance LOAN TERMS: 10-year loan include a 6.25% interest rate with a 30-year amortization NOTE: Marcus & Millichap Capital Corporation arranged a $4 million refinancing for a 101,772-square-foot office property at 3501 West Vine Street in Kissimmee, Florida. The 10-year loan, secured by Garrett Fierstein, has a 6.25% interest rate and a 30-year amortization with no prepayment penalty. #

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,000,000.00

Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00