Churchill Real Estate Provides $79M Construction Loan For Avondale Development Site
FINANCED
$79,000,000
+ 1
Arizona
See Similar DealsDevelopment Site
Financed 09/20/2022
FINANCED
Churchill Real Estate Provides $79M Construction Loan For Avondale Development Site
Avondale, Arizona, United States
See Similar DealsDevelopment Site
Financed 09/20/2022
+ 1
Summary
ARIZONA
Asset Type:Development Site
Transaction Type:Loan
A development site in Avondale, AZ has secured a construction loan of $79,000,000. The loan was provided by Churchill Real Estate, with Jeff Rosenfeld and Sean Robertson representing the lender. Jake Lapidot and Michael Horowitz, from Cooper-Horowitz, acted as brokers in the transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $79,000,000
- Market: Avondale, AZ
The deal involved key individuals and companies in the real estate sector. Jeff Rosenfeld and Sean Robertson served as representatives for Churchill Real Estate, the lender that provided the construction loan. Cooper-Horowitz, represented by Jake Lapidot and Michael Horowitz, acted as brokers in the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$79,000,000.00
Monthly NOI$526,666.67
Monthly Debt Service$499,333.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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