Bela Flor Communities Secures $49.5M Construction Loan For Multifamily Property On Honeycutt Rd In Maricopa, AZ
FINANCED
$49,500,000
Arizona
See Similar DealsMultiFamily
Financed 07/18/2022
FINANCED
Bela Flor Communities Secures $49.5M Construction Loan For Multifamily Property On Honeycutt Rd In Maricopa, AZ
3631 Honeycutt Rd Maricopa, AZ 85138, USA
See Similar DealsMultiFamily
Financed 07/18/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in the transaction is a multifamily asset located at 3631 Honeycutt Rd in Maricopa, AZ. The transaction took place on 07/18/2022. The landlord is Bela Flor Communities.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $49,500,000
- Loan Type: Construction loan
The lender for this transaction is Churchill Real Estate, represented by Sean Robertson and Jeff Rosenfeld. They provided a construction loan amounting to $49,500,000. The loan will facilitate the development of the multifamily property situated at 3631 Honeycutt Rd in Maricopa, AZ.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$49,500,000.00
Monthly NOI$330,000.00
Monthly Debt Service$312,873.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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