Updated Feb 5, 2025
Churchill Real Estate Provides $79M Construction Loan For Development Site In Avondale, AZ
$79,000,000
Building Size
—
Asset Type
Development Site
Closing
Sep 20, 2022
About this deal
AI
In Avondale, AZ, a development site was involved in a closed transaction, with a loan provided by Churchill Real Estate. The loan amount was $79,000,000, and it was a construction loan.
Summary of transaction details
- Property Type: Development Site
- Loan Amount: $79,000,000
- Lender: Churchill Real Estate - Jeff Rosenfeld & Sean Robertson
- Brokers: Jake Lapidot & Michael Horowitz - Cooper-Horowitz
Jake Lapidot and Michael Horowitz of Cooper-Horowitz represented the parties involved in this transaction as brokers.
Churchill Real Estate Provides $79M Construction Loan For Development Site In Avondale, AZ is logged as a development site loan on Traded (2022). Churchill Real Estate Provides $79M Construction Loan For Development Site In Avondale, AZ is classified as Development Site on Traded. Jake Lapidot, Michael Horowitz, Jeff Rosenfeld, Sean Robertson appear on the loan alongside Cooper Horowitz. This page is the Arizona file for the Churchill Real Estate Provides $79M Construction Loan For Development Site In Avondale, AZ development site financed: pricing, party profiles, and other closed development site comps from the same Arizona sit in the Market section below. Cite this Churchill Real Estate Provides $79M Construction Loan For Development Site In Avondale, AZ loan when underwriting similar development site product around Arizona.
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93