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2300 Discovery Dr

Deutsche Bank Provides $53.8M Refinance Loan For Orlando Office Property
SOLD

Deutsche Bank Provides $53.8M Refinance Loan For Orlando Office Property

2300 Discovery Dr

Building Size

Asset Type

Closing

Aug 12, 2022

AI

The office property located at 2300 Discovery Dr in Orlando has recently undergone a refinancing transaction. The property, owned by DRA Advisors JV Tower Realty Partners, has been refinanced through a loan provided by Deutsche Bank, with a loan amount of $53,800,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $53,800,000
  • Lender: Deutsche Bank
  • Landlord: DRA Advisors JV Tower Realty Partners

The brokerage firm Berkadia, represented by Scott Wadler, Alec Fox, Brad Williamson, Matthew Robbins, and Mitch Sinberg, played a key role in the refinancing deal for this office property in Orlando.

Players

DRA Advisors
DRA AdvisorsLandlord

Joliet CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93