Updated Jul 11, 2025
Shopoff Realty Investments Secures $52 Million Bridge Loan From Peachtree Group For Industrial Project
South Sossaman Road
$52,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 10, 2025
About this deal
AI
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.
On the Map
$52,000,000
Industrial
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Players
Mesa Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93