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Arizona Bank & Trust Provides $39M Refinance Loan For Industrial Property In Goodyear
FINANCED
$39,000,000
Arizona
See Similar DealsIndustrial
Financed 08/14/2023
FINANCED
Arizona Bank & Trust Provides $39M Refinance Loan For Industrial Property In Goodyear
143rd Avenue Goodyear, Arizona 85338, USA
See Similar DealsIndustrial
Financed 08/14/2023
Summary
ARIZONA
Asset Type:Industrial
Transaction Type:Loan
A $39,000,000 loan has been secured for the refinance of an industrial property located at ENEC Yuma Rd & 143rd Avenue in Goodyear, AZ. The property is owned by Baker Development Corporation, Foundation Capital Partners, and GTIS Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $39,000,000
- Lender: Arizona Bank & Trust
- Landlord: Baker Development Corporation, Foundation Capital Partners & GTIS Partners
- Broker: Dustin Stolly - Newmark
- Loan Type: Refinance
Dustin Stolly from Newmark represented the parties in the loan agreement. The lender, Arizona Bank & Trust, provided the necessary financing for the refinance deal.
Players
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$39,000,000.00
Monthly NOI$260,000.00
Monthly Debt Service$246,506.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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