Churchill Real Estate Provides $79M Construction Loan For Development Site In Avondale, AZ
FINANCED
$79,000,000
+ 1
Arizona
See Similar DealsDevelopment Site
Financed 09/20/2022
FINANCED
Churchill Real Estate Provides $79M Construction Loan For Development Site In Avondale, AZ
Development Site
Financed 09/20/2022
+ 1
Summary
ARIZONA
Asset Type:Development Site
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$79,000,000.00
Monthly NOI$526,666.67
Monthly Debt Service$499,333.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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