RRA Capital Provides $2.48M Loan For Office Property At 420 S. Orlando Ave
420 S. Orlando Ave.
$2,480,000
$145/SF
Building Size
16,995 SF
Asset Type
Office
Closing
May 31, 2018
About this deal
AI
The asset involved in this transaction is an office property located at 420 S. Orlando Ave. in Winter Park. The loan amount secured for this property is $2,480,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,480,000.00
- Loan Date: 05/31/2018
- Lender: RRA Capital
- Broker: Michael Ryan
This transaction highlights the roles of key participants, including Michael Ryan, who is the broker representing the parties involved. The lender, RRA Capital, facilitated the loan process for the deal.
The office loan at 420 S. Orlando Ave. in Winter Park, Florida financed for $2.5M in 2018. The building is 16,995 square feet, implying about 145 per square foot on the published price. This page is the Winter Park, Florida file for the 420 S. Orlando Ave. office financed: pricing, party profiles, and other closed office comps from the same Winter Park sit in the Market section below. Filter that Winter Park office set by closing date to see what else financed near 420 S. Orlando Ave. around 2018. Published consideration for 420 S. Orlando Ave. is $2.5M, dated 2018. Cite this RRA Capital Provides $2.48M Loan For Office Property At 420 S. Orlando Ave loan when underwriting similar office product around Winter Park, Florida.
Players
Winter Park Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.40%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93