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Shopoff Realty Investments Secures $52 Million Bridge Loan From Peachtree Group For Industrial Project
FINANCED
$52,000,000
Arizona
See Similar DealsIndustrial
Financed 07/10/2025
FINANCED
Shopoff Realty Investments Secures $52 Million Bridge Loan From Peachtree Group For Industrial Project
South Sossaman Road
See Similar DealsIndustrial
Financed 07/10/2025
Summary
ARIZONA
Asset Type:Industrial
Transaction Type:Loan
An industrial project comprising 270 acres located at East Elliot Road & South Sossaman Road in Mesa, Arizona is involved in this transaction. The property is part of a refinancing effort for the project titled The Block at Elliot, with a bridge loan secured to support its development goals.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $52,000,000
- Lender: Peachtree Group
- Landlord: Shopoff Realty Investments
- Loan Type: Bridge
- Date: 07/10/2025
Shopoff Realty Investments has engaged Peachtree Group as the lender to facilitate the financing of its industrial project in Mesa, Arizona. This loan arrangement aims to support the advancement of The Block at Elliot, marking a significant step in the development process for the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$52,000,000.00
Monthly NOI$346,666.67
Monthly Debt Service$328,675.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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