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4730 Marigold Ave Poinciana...

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

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

4730 Marigold Ave Poinciana, FL 34759, USA

$46,250,000

$201/SF

Building Size

230,000 SF

Asset Type

Retail

Closing

May 12, 2023

AI

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

Broker

$52.7M

vol

2 deals

Broker
LH
Longline HoldingsLender
TC
TCII CapitalLandlord

Jason Glaser

TCII Capital

Landlord

$55M

vol

3 deals

Landlord

Miami Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93