$5,600,000
Orlando, FL
Transaction Type
Acquisition Refinance
Non-Recourse
Loan Type
Permanent Loan
Situation & Challenges
- 90.8% occupied at loan closing
- Largest tenant would roll early in loan term
- No dedicated parking, but had access to multiple parking solutions
Solutions & Highlights
- Property was located in a large, master-planned live/work community which had won numerous awards from national associations
- Sponsor was a well-known local investor with a proven track record in the industry
- Structured creative rollover reserve structure
- 3-year, interest-only, loan term; 28-year amortization