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Loan · Development Site

Trez Capital Provides $31.46M Loan For Development Site In Mesa, AZ
FINANCEDDevelopment Site

Trez Capital Provides $31.46M Loan For Development Site In Mesa, AZ

$31,460,000

Building Size

Asset Type

Development Site

Closing

Sep 25, 2023

AI

Trez Capital has provided a loan of $31.46 million to support the construction of Hawes Commerce Park, a development site located at 7303 S Hawes Rd in Mesa, Arizona. The property is a 10-building industrial complex with a total area of 153,000 square feet.

Summary of transaction details

This loan provided by Trez Capital will be used for the construction of the Hawes Commerce Park. The development site is expected to be a significant addition to the industrial property market in Mesa, Arizona. With a total area of 153,000 square feet, the 10-building complex will offer ample space for businesses in need of industrial facilities. The financing from Trez Capital will enable the completion of this project and contribute to the economic growth in the area.

Players

Dale Cavan

Cavan Commercial

Broker

$37.6M

vol

2 deals

Broker
Trez Capital
Trez CapitalLender

Dale Cavan

Landlord

$37.6M

vol

2 deals

Landlord

Market Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93