facebook
Traded Co logo
Submit
Daily limit: 0/10

PGIM Real Estate Provides $43.2M Construction Loan For Majestic Realty's Industrial Project In Perris

Property Image
FINANCED
$43,200,000

California

See Similar Deals
Development Site
Financed 10/23/2023
the dealplayerscompscontact
Property Image
FINANCED

PGIM Real Estate Provides $43.2M Construction Loan For Majestic Realty's Industrial Project In Perris

18740 Harvill Avenue

See Similar Deals
Development Site
Financed 10/23/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Transaction Type:Loan

PGIM Real Estate is providing a $43.2 million construction loan for a new industrial project in Perris, Southern California's Inland Empire. The project, known as Building 11, is located at 18740 Harvill Avenue and is part of the Majestic Freeway Business Center. It spans over 18 acres and has a building square footage (BSF) of 373,368. The development site is owned by Majestic Realty and the loan is being secured by PGIM Real Estate.

Summary of transaction details

  • Property Type: Development Site
  • Market: Perris
  • Address: 18740 Harvill Avenue
  • Loan Amount: $43,200,000
  • Loan Type: Construction Loan

The lender, PGIM Real Estate, has been actively investing in the Southern California market. This industrial project is part of their continued commitment to the region, which includes other financing deals such as acquisition financing and refinancing. Majestic Realty, the landlord, is collaborating with PGIM Real Estate to bring this project to fruition.

Players

PGIM
PGIM
LENDER
Reon Roski
Reon Roski
4 deals$43.2M volume
LANDLORD

Details

FINANCED
IMAGE: Reon Roski DATE: 10/23/2023 ADDRESS: 18740 Harvill Avenue MARKET: Perris ASSET TYPE: Development Site ~ BSF: 373,368 ~ ACRES: 18 LENDER: PGIM Real Estate (@PGIM) LANDLORD: Majestic Realty (@MajesticRealtyCo) - Reon Roski (@ReonRo) LOAN AMOUNT: $43,200,000 LOAN TYPE: Construction Loan NOTE: PGIM Real Estate is financing a $43.2 million industrial project by Majestic Realty in Southern California's Inland Empire. The project, known as Building 11 in the Majestic Freeway Business Center, is part of PGIM's continued investment in the region, which has seen recent activity including acquisition financing and refinancing deals.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$43,200,000.00

Monthly NOI$288,000.00
Monthly Debt Service$273,053.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00