Matthews™ Facilitates $12 Million Sale of Cross-Collateralized Portfolio in Florida and Illinois

ORLANDO, FL — Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of a multi-state portfolio located at 4045-4061 Forrestal Ave. in Orlando, FL, and 3312 S Cicero Ave. in Cicero, IL. Matthews™ Associate Christian Peters represented the seller in the $12,000,000 transaction.

 

The two-property sale consisted of both retail and industrial assets under a cross-collateralized loan, requiring the properties to be sold together. The seller originally acquired the portfolio in 2021 through a 1031 exchange for just over $6 million, with a 3.8 percent fixed interest rate, five years of interest-only payments, and a 30-year amortization period, positioning them to nearly double their investment at the time of sale.

 

“This was a true win-win for both parties,” Peters said. “The seller maximized their return, while still leaving meat on the bone for the buyer with an unbeatable interest rate.” The buyer plans to increase rents to market rate while taking advantage of the existing loan’s attractive terms. By leveraging favorable financing and strong asset fundamentals, the investor anticipates long-term stability and upside potential across both properties.

 

For more information, please contact Christian Peters or visit www.matthews.com.

 

About Matthews™

 

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.