Merchants Capital Secures $354.1M Loan For Development Site In Glendale

Development Site located in Glendale, AZ, was involved in a recent loan transaction. The loan amount secured for this property was $354,100,000. The financing was a collaboration between Merchants Bank, Barclays Capital Real Estate, and Freddie Mac, with Merchants Capital being the landlord.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $354,100,000
• Lender: Merchants Bank, Barclays Capital Real Estate & Freddie Mac
• Landlord: Michael Dury - Merchants Capital
• Loan Components: $86.2 million for Juniper Square, $29.8 million in Freddie Mac permanent financing, $56.3 million in Freddie Mac permanent financing, $89 million in equity bridge loans from Merchants Bank, and $179 million in construction loans from Barclays Capital, Inc.

The financing for the Development Site in Glendale, AZ, involved a complex arrangement with various financial institutions. Merchants Capital was able to secure a substantial loan amount through a combination of permanent financing and bridge loans. Michael Dury, representing Merchants Capital, played a key role in finalizing this significant loan deal.