Updated Dec 4, 2024
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
About this deal
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
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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