Related California Secures $690M Construction Loan For 1650-unit Development Site In Santa Clara
FINANCED
$690,000,000
California
See Similar DealsDevelopment Site
Financed
FINANCED
Related California Secures $690M Construction Loan For 1650-unit Development Site In Santa Clara
2300 Calle De Luna, Santa Clara, California 95054, United States
See Similar DealsDevelopment Site
Financed
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Loan
The development site located at 2300 Calle de Luna in Santa Clara has been involved in a closed property transaction. The property, which is a development site, consists of 1650 units. The transaction took place on August 19, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $690,000,000
- Market: Santa Clara
- Lender: Otera Capital, PNC Bank & welltower''>Welltower Inc.
- Landlord: Related California (Related Companies) - Bill Witte
- Loan Type: Construction
The lender for this transaction included Otera Capital, PNC Bank, and Welltower Inc. The landlord, representing the property, is Related California (Related Companies) with Bill Witte as their representative. The loan amount for this transaction was $690,000,000, and the loan type was construction.
Players
Details
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
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Similar News
No recent news available for this market
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 Listings
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
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$690,000,000.00
Monthly NOI$4,600,000.00
Monthly Debt Service$4,361,269.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions