Updated Feb 20, 2026
Adrian Comstock & Kristin Panehal Of Comstock Realty Partners Landlord For $50M Development Site Loan
6364 Zindell Avenue
$50,000,000
Building Size
—
Asset Type
Development Site
Closing
Feb 13, 2026
About this deal
AI
The property involved is a development site located at 6364 Zindell Avenue in Commerce. A construction loan in the amount of $50,000,000 was secured for horizontal improvements on the site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $50,000,000
- Lender: Andy Klein - Lionheart Strategic Management & Paul Bratten - Schroders Capital
- Landlord: Adrian Comstock & Kristin Panehal - Comstock Realty Partners
- Broker: Mike Guterman - Bellwether Enterprise (BWE)
- Loan Type: Construction
- Loan Terms: Horizontal Improvement Loan
Key individuals in this transaction include Andy Klein and Paul Bratten representing the lending institutions, alongside Adrian Comstock and Kristin Panehal from Comstock Realty Partners as the landlords. Mike Guterman served as the broker facilitating the loan transaction.
On the Map
$50,000,000
Development Site
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Players
Commerce Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93