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Xebec Realty's Randy Kendrick Secures $34.1M Construction Loan For Chino Development Site

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FINANCED
$34,100,000

California

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Development Site315,300 SF
Financed 02/16/2022
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Property Image
FINANCED

Xebec Realty's Randy Kendrick Secures $34.1M Construction Loan For Chino Development Site

13404 Yorba Avenue, Chino, California 91710, United States

See Similar Deals
Development Site315,300 SF
Financed 02/16/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$108
Total Square Footage:315,300 SF
Transaction Type:Loan

The development site located at 13404 Yorba Avenue in Chino has undergone a closed transaction. Spanning an area of 10 acres, this property offers immense potential for future development. With a total square footage of 315,300, the site provides ample space to accommodate various projects.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $34,100,000
  • Market: Chino
  • Address: 13404 Yorba Avenue

Randy Kendrick, representing Xebec Realty, served as the landlord in this transaction. The brokerage firm Walker & Dunlop played a key role as the broker.

A construction loan amounting to $34,100,000 was secured for this project. The loan will provide the necessary funds to carry out the development of the site and bring its potential to fruition.

Details

FINANCED
IMAGE: Randy Kendrick DATE: 02/16/2022 ADDRESS: 13404 Yorba Avenue MARKET: Chino ASSET TYPE: Development Site ~ SF: 315,300 ~ ACRES: 10 LANDLORD: Xebec Realty - Randy Kendrick BROKER: Walker & Dunlop LOAN AMOUNT: $34,100,000 LOAN TYPE: Construction Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$34,100,000.00

Monthly NOI$227,333.33
Monthly Debt Service$215,535.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00