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Longline Holdings Provides $46.25M Construction Loan For Retail Property In Poinciana

Property Image
FINANCED
$46,250,000
Ian Coutts
JG

Florida

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Retail230,000 SF
Financed 05/12/2023
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Property Image
FINANCED

Longline Holdings Provides $46.25M Construction Loan For Retail Property In Poinciana

4730 Marigold Ave Poinciana, FL 34759, USA

See Similar Deals
Retail230,000 SF
Financed 05/12/2023
Ian Coutts
JG
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$201
Total Square Footage:230,000 SF
Transaction Type:Loan

4730 Marigold Avenue, located in Poinciana, is a retail property with a total area of 230,000 square feet. The property was recently involved in a closed transaction that took place on 05/12/2023.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $46,250,000
  • Market: Poinciana
  • Lender: Longline Holdings
  • Landlord: TCII Capital (Jason Glaser, John Strzalka, Marc Lewin, and Spencer Enslein)
  • Broker: Ian Coutts - ICC Associates
  • Loan Type: Construction Loan

The deal involved TCII Capital as the landlord, with representatives Jason Glaser, John Strzalka, Marc Lewin, and Spencer Enslein. The lender, Longline Holdings, provided a construction loan of $46,250,000.

Players

Ian Coutts
Ian Coutts
2 deals$52.7M volume
BROKER
LH
Longline Holdings
LENDER
TC
TCII Capital
LANDLORD
JG
Jason Glaser
3 deals$55M volume
LANDLORD
TC
TCII Capital
LANDLORD
TC
TCII Capital
LANDLORD

Details

FINANCED
IMAGE: Jason Glaser, Ian Coutts, Spencer Enslein, John Strzalka & Marc Lewin DATE: 05/12/2023 ADDRESS: 4730 Marigold Avenue MARKET: Poinciana ASSET TYPE: Retail ~ SF: 230,000 LENDER: Longline Holdings LANDLORD: TCII Capital (@TCIICapital) - Jason Glaser (@jnglaser), John Strzalka (@mananaplp), Marc Lewin (@trademarcmarc) & Spencer Enslein (@enss52) BROKER: Ian Coutts (@Icoutts) - ICC Associates LOAN AMOUNT: $46,250,000 LOAN TYPE: Construction Loan # JasonGlaser

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$46,250,000.00

Monthly NOI$308,333.33
Monthly Debt Service$292,331.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00