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Trez Capital Provides $31.46M Loan For Development Site In Mesa, AZ
FINANCED
$31,460,000
Arizona
See Similar DealsDevelopment Site
Financed 09/25/2023
FINANCED
Trez Capital Provides $31.46M Loan For Development Site In Mesa, AZ
Development Site
Financed 09/25/2023
Summary
Asset Type:Development Site
Transaction Type:Loan
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
- Property Type: Development Site
- Transaction Amount: $31,460,000
- Address: 7303 S Hawes Rd, Mesa, AZ
- Market: Mesa, AZ
- Landlord: Dale Cavan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,460,000.00
Monthly NOI$209,733.33
Monthly Debt Service$198,848.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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