Updated Oct 29, 2024
PCCP Provides $39.4M Loan For Development Site In Glendale
North 95th Avenue, Glendale, AZ, USA
$39,400,000
Units
352
Asset Type
Development Site
Closing
Jun 28, 2020
About this deal
AI
A development site located at 95th Ave & Missouri Ave in Glendale has been involved in a closed transaction. The transaction took place on 06/29/2020, and the property was acquired by IDM Cos. The property spans an area of unknown square footage and is classified as a development site.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $39,400,000
- Address: 95th Ave & Missouri Ave, Glendale
- Market: Glendale
In this transaction, PCCP provided a loan amount of $39,400,000 to IDM Cos for the acquisition of the development site. The property consists of 352 units.
Adam Deermount, Steve Sims, and John Meek from RanchHarbor, along with David Kidder from Landmark Real Estate, represented the parties involved in the deal as brokers.
Players
Glendale Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Visit John Meek to view all their deals.
Browse Arizona development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93