facebook
Traded Co logo
Submit

Logan Investments Provides $2.6M Construction Loan For Bakersfield Development Site

Property Image
FINANCED
$2,600,000

California

See Similar Deals
Development Site9,713 SF
Financed 09/10/2021
the dealplayerscompscontact
Property Image
FINANCED

Logan Investments Provides $2.6M Construction Loan For Bakersfield Development Site

8612 Roaring Fork Street, Bakersfield, CA 93306

See Similar Deals
Development Site9,713 SF
Financed 09/10/2021
Contact now

Summary

CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$267
Total Square Footage:9,713 SF
Transaction Type:Loan

A construction loan in the amount of $2,600,000 was secured for a development site located at 8612 Roaring Fork Street in Bakersfield. The loan is provided by Logan Investments and the lender's representative is Ron Sentchuk from Logan Investments. The loan terms include a first lien on the model homes and a second lien on the vacant land.

Summary of transaction details:

  • Loan Amount: $2,600,000
  • Loan Type: Construction
  • Address: 8612 Roaring Fork Street
  • Market: Bakersfield
  • Asset Type: Development Site
  • Lender: Logan Investments ([email protected])
  • Landlord: Chuck Robert Thomason
  • Broker: Ron Sentchuk - Logan Investments

This loan transaction involves Logan Investments as the lender, representing Chuck Robert Thomason as the landlord. Ron Sentchuk from Logan Investments acts as the broker in the deal. With the loan amount secured, the construction of the development site at 8612 Roaring Fork Street in Bakersfield can proceed.

Players

16 deals$143.7M volume
BROKER

Logan Investments
LENDER

Details

FINANCED
IMAGE: Ron Sentchuk DATE: 09/10/2021 ADDRESS: 8612 Roaring Fork Street MARKET: Bakersfield ASSET TYPE: Development Site LENDER: Logan Investments (@Logan_Investments_) ([email protected]) LANDLORD: Chuck Robert Thomason BROKER: Ron Sentchuk (@RonLogan123) - Logan Investments LOAN AMOUNT: $2,600,000 LOAN TYPE: Construction LOAN TERMS: 1st on Model Homes & 2nd on Vacant land

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

$2,600,000.00

Monthly NOI$17,333.33
Monthly Debt Service$16,433.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00