Cuna Mutual Life Provides $15.1M Refinance Loan For Lakeland & Ocoee Retail Property
FINANCED
$15,120,000
Florida
See Similar DealsRetail136,020 SF
Financed 09/09/2021
FINANCED
Cuna Mutual Life Provides $15.1M Refinance Loan For Lakeland & Ocoee Retail Property
2300 Griffin Rd, Lakeland, FL, USA
See Similar DealsRetail136,020 SF
Financed 09/09/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$111
Total Square Footage:136,020 SF
Transaction Type:Loan
Halberstein Investments, led by Daniel Halberstein, has refinanced a retail property located at 2300 Griffin Rd and 1700 E Silver Star Rd in Lakeland and Ocoee. The property spans a total of 136,020 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,120,000
- Lender: Cuna Mutual Life
- Landlord: Halberstein Investments - Daniel Halberstein
- Brokers: Paul Ahmed & Mackenzie Fry - CBRE
Paul Ahmed and Mackenzie Fry, representing CBRE, facilitated the refinance deal for this retail property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,120,000.00
Monthly NOI$100,800.00
Monthly Debt Service$95,568.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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