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Hiren Naik & Clay Goldthwait Refinance Industrial Property In Phoenix For $14.9M

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FINANCED
$14,900,000

Arizona

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Industrial135,000 SF
Financed 05/31/2024
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FINANCED

Hiren Naik & Clay Goldthwait Refinance Industrial Property In Phoenix For $14.9M

14647 South 50th Street

See Similar Deals
Industrial135,000 SF
Financed 05/31/2024
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:Industrial
Price Per Square Foot:$110
Total Square Footage:135,000 SF
Transaction Type:Loan

The industrial property located at 14647 South 50th Street in Phoenix, AZ, spans 135,000 square feet. Hiren Naik and Clay Goldthwait from Bolour Associates provided a refinancing loan of $14,900,000 for this asset.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $14,900,000
  • Market: Phoenix, AZ
  • Lender: Hiren Naik & Clay Goldthwait - Bolour Associates
  • Loan Type: Refinance
  • Loan Terms: 24 Months

BOLOUR Associates, specializing in urban infill primary & secondary markets, successfully refinanced the industrial property with a quick close, offering the borrower the necessary time and TI dollars for lease-up. Clay Goldthwait can be contacted for more information on how BOLOUR can fulfill lending needs.

Players

Bolour Associates
Bolour Associates
LENDER

Details

FINANCED
IMAGE: Hiren Naik and Clay Goldthwait DATE: 05/31/2024 ADDRESS: 14647 South 50th Street MARKET: Phoenix, AZ ASSET TYPE: Industrial ~ SF: 135,000 LENDER: Hiren Naik & Clay Goldthwait (@ClayGold21) - Bolour Associates (@Bolour_CRE) LOAN AMOUNT: $14,900,000 LOAN TYPE: Refinance LOAN TERMS: 24 Months NOTE FROM LENDER: With only three weeks to maturity, BOLOUR refinanced this asset when conventional lenders were unable to. BOLOUR’s quick close gave this borrower time and TI dollars to complete lease-up. We can close your deals quickly with proceeds that exceed those of conventional lenders. Contact our team to discuss your needs. Contact Clay Goldthwait at ☎️ 323-677-0550 ext.121, 📧 [email protected], or visit bolourassociates.com/lending/ for more on how BOLOUR can fulfill your lending needs. BOLOUR is an asset-based bridge lender specializing in urban infill primary & secondary markets. BOLOUR draws from our experience in investment & development to tackle complicated private lending deals. We can finance up to 75% LTV, loan term up to 2 years, loan amount from $3 million to $30 million, & interest rates starting at 9.50%.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,900,000.00

Monthly NOI$99,333.33
Monthly Debt Service$94,178.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00