Champions Investment Property LLC Secures $5.5 Million Refinance Loan For Office In Champions Gate
8390 Champions Gate Boulevard
$5,500,000
Building Size
—
Asset Type
Office
Closing
Apr 1, 2026
About this deal
AI
The property asset involved in this transaction is an office building located at 8390 Champions Gate Boulevard in the Champions Gate market. The asset has secured a refinance loan amounting to $5,500,000, which is structured with a 10-year term.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,500,000
- Loan Type: Refinance
- Loan Terms: 10-year
- Landlord: Champions Investment Property LLC
- Broker: Bob Hernandez - NorthMarq
The loan was arranged by NorthMarq, led by Bob Hernandez, who heads the Tampa Debt + Equity team. The refinancing was secured through a credit union, providing significant financial backing for Champions Investment Property LLC.
Players
Davenport 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93