Updated Oct 29, 2024
Sekisui House Provides $168M Loan For Santa Clara Development Site
Coleman Ave, Santa Clara, CA 95050
$168,000,000
Building Size
—
Asset Type
Development Site
Closing
May 12, 2022
About this deal
AI
A development site located in Santa Clara has recently been involved in a closed transaction. The property, situated on Coleman Ave, spans approximately 4 acres.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $168,000,000
- Address: Coleman Ave
- Market: Santa Clara
- Lender: Sekisui House
- Landlord: Holland Partner Group - Matthew Eilen
The transaction involved a loan amount of $168,000,000. Sekisui House provided the loan for this development site. Holland Partner Group, represented by Matthew Eilen, acted as the landlord in this deal.
On the Map
$168,000,000
Development Site
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Players
Los Angeles Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93