Updated Oct 29, 2024
Blue Vista Capital And Family Development Secure $30M Construction Loan For Phoenix Development Site
$30,000,000
Building Size
—
Asset Type
Development Site
Closing
Dec 8, 2022
About this deal
AI
The development site in Phoenix, AZ has secured a construction loan worth $30,000,000. The loan was provided by undisclosed lenders to support the ongoing construction project on the site.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $30,000,000
The landlords, Blue Vista Capital Management and Family Development, are overseeing the development of the site. The transaction was facilitated by the brokers Brian Walsh, Brad Miner, and Dave Hunter from JLL Capital Markets, who represent the interests of all parties involved.
Players
Market 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93