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n avondale blvd & mcdowell rd

Updated Feb 5, 2025

Churchill Real Estate Provides $79M Construction Loan For Development Site In Avondale, AZ
FINANCEDDevelopment Site

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

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

Michael Horowitz

Cooper Horowitz

Broker

$1.1B

vol

25 deals

Broker
Jeff Rosenfeld

Jeff Rosenfeld

Churchill Real Estate

Lender

$348.5M

vol

6 deals

Lender
Churchill Real Estate
Churchill Real EstateLender

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

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