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Matrix Equities Secures $39.35M Construction Loan For Development Site In Maricopa, AZ

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FINANCED
$39,350,000

Arizona

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Development Site
Financed
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FINANCED

Matrix Equities Secures $39.35M Construction Loan For Development Site In Maricopa, AZ

Maricopa Road, Maricopa, Arizona 85139, United States

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Development Site
Financed
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Summary

ARIZONA
Asset Type:Development Site
Transaction Type:Loan

A development site located at Highway 238 & Loma Rd in Maricopa, AZ has been involved in a recent loan transaction. The property is owned by Matrix Equities, a prominent landlord in the area. The loan amount for this transaction is $39,350,000, and it is classified as a construction loan, indicating that the funds will be used for the development and construction of the site.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $39,350,000
  • Market: Maricopa, AZ
  • Asset Type: Development Site
  • Landlord: Matrix Equities
  • Broker: Mike Guterman - Highland Realty Capital

In this transaction, Mike Guterman from Highland Realty Capital acted as the broker. He represented either the buyer, seller, landlord, or tenant in the deal, ensuring its smooth completion. Highland Realty Capital is a reputable agency that offers professional real estate services in the Maricopa, AZ market.

Players

Michael "Mike" Guterman
14 deals$621.5M volume
BROKER

Highland Realty Capital
BROKERAGE

Details

FINANCED
IMAGE: Mike Guterman DATE: 06/09/2022 ADDRESS: Highway 238 & Loma Rd MARKET: Maricopa, AZ ASSET TYPE: Development Site LANDLORD: Matrix Equities BROKER: Mike Guterman - Highland Realty Capital LOAN AMOUNT: $39,350,000 LOAN TYPE: Construction loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$39,350,000.00

Monthly NOI$262,333.33
Monthly Debt Service$248,718.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00