Updated Oct 28, 2024
Matrix Equities Secures $39.35M Construction Loan For Development Site In Maricopa, AZ
Maricopa Road, Maricopa, Arizona 85139, United States
$39,350,000
Building Size
—
Asset Type
Development Site
Closing
Jun 8, 2022
About this deal
AI
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
Maricopa 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
0.40%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93