DAB Capital Group Provides $3.9M Loan For Development Site In Pomona With Tenant Family Dollar
FINANCED
$3,900,000
California
See Similar DealsDevelopment Site63,000 SF
Financed 12/31/2018
FINANCED
DAB Capital Group Provides $3.9M Loan For Development Site In Pomona With Tenant Family Dollar
888 West Mission Boulevard, Pomona, CA 91766, USA
See Similar DealsDevelopment Site63,000 SF
Financed 12/31/2018
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$61
Total Square Footage:63,000 SF
Transaction Type:Loan
The development site located at 888 W Mission Blvd in Pomona has been involved in a closed property transaction. The property spans across 63,000 square feet and has an address in the market of Pomona.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,900,000
- Tenant: Family Dollar
- Lender: DAB Capital Group
- Landlord: Mission White Capital
- Brokers: Adam Bakhash, Eric Cohen - DAB Capital
The deal involved a loan of $3,900,000 provided by DAB Capital Group. The landlord in this transaction was Mission White Capital. Family Dollar is the tenant occupying the property. The brokers representing the deal were Adam Bakhash and Eric Cohen from DAB Capital.
Players
TENANT
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,900,000.00
Monthly NOI$26,000.00
Monthly Debt Service$24,650.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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