Deutsche Bank Provides $53.8M Refinance Loan For Orlando Office Property
2300 Discovery Dr
Building Size
—
Asset Type
—
Closing
Aug 12, 2022
About this deal
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.
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Players
Joliet CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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