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JLL Arranges $17.5M Loan For Self Storage Facility In Scottsdale
FINANCED
$17,500,000
Arizona
See Similar DealsSelf Storage
Financed 02/29/2024
FINANCED
JLL Arranges $17.5M Loan For Self Storage Facility In Scottsdale
16136 North Pima Road
See Similar DealsSelf Storage
Financed 02/29/2024
Summary
ARIZONA
Asset Type:Self Storage
Transaction Type:Loan
A forthcoming Class A self-storage facility in Scottsdale has secured $17.5 million in construction financing. The property, located at 16136 North Pima Road, was financed by Enterprise Bank for Clear Sky Capital.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $17,500,000
- Market: Scottsdale, AZ
- Lender: Enterprise Bank
- Landlord: Clear Sky Capital
- Brokers: Jason Carlos & Kevin Mackie - JLL
JLL Capital Markets played a crucial role in arranging the construction financing for the self-storage facility, with Jason Carlos and Kevin Mackie from JLL representing the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,500,000.00
Monthly NOI$116,666.67
Monthly Debt Service$110,611.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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