KeyBank Provides $49.3M Construction Loan For Development Site In San Diego
FINANCED
$49,300,000
California
See Similar DealsDevelopment Site
Financed 09/21/2022
FINANCED
KeyBank Provides $49.3M Construction Loan For Development Site In San Diego
4132 Beyer Boulevard, San Ysidro, California 92173, United States
See Similar DealsDevelopment Site
Financed 09/21/2022
Summary
CALIFORNIA
Asset Type:Development Site
Transaction Type:Loan
A development site located at 4132 Beyer Boulevard in San Ysidro, San Diego has recently been involved in a transaction. The property, owned by 4132 Beyer L.P - Metropolitan Area Committee on Anti-Poverty & Kingdom Development, attracted the attention of lenders and brokers.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $49,300,000
keybank-''>KeyBank Community Development Lending and Investment provided a construction loan of $49,300,000 for the development of the property. Matthew Haas and Keven Ruf from KeyBank acted as brokers in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$49,300,000.00
Monthly NOI$328,666.67
Monthly Debt Service$311,609.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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