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10520 Wohler Road

Gantry Arranges $7.1M Construction Loan For Auteur Wines In Healdsburg
FINANCEDDevelopment Site

Gantry Arranges $7.1M Construction Loan For Auteur Wines In Healdsburg

10520 Wohler Road

$7,100,000

Building Size

Asset Type

Development Site

Closing

Apr 5, 2024

AI

Auteur Wines' new facilities in Healdsburg, Sonoma County, located at 10520 Wohler Road, encompass an 8.2-acre development site. Gantry successfully arranged a $7.1 million construction-to-permanent loan for this property. The loan, provided by one of Gantry’s banking relationships, is a 20-year fixed-rate loan with initial interest-only period transitioning to an 18-year amortization.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $7,100,000
  • Address: 10520 Wohler Road
  • Market: Healdsburg
  • Loan Type: Construction
  • Loan Terms: 20-year, fixed-rate loan with interest-only period

Andrew Ferguson and Jeff Wilcox from Gantry's San Francisco office served as the brokers in this transaction, representing Auteur Wines. They were instrumental in securing the construction-to-permanent loan, ensuring a smooth financing process for the development of Auteur Wines' new facilities.

Players

Jeff Wilcox

Gantry

Broker

$383.7M

vol

11 deals

Broker

Healdsburg Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93