Sunday Capital Provides $19M Land Acquisition & Pre-Development Loan In Santa Fe Valley
San Diego, California, United States
$19,000,000
$1/SF
Building Size
12,937,320 SF
Asset Type
Development Site
Closing
Feb 24, 2022
AI
A $19,000,000 Land Acquisition & Pre-Development Loan has been closed in Santa Fe Valley, San Diego. The loan was provided by Sunday Capital and facilitated by broker Jason Moyal of Max Benjamin Partners. The loan is for a development site spanning 297 acres with a building square footage of 12,937,320.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $19,000,000
- Market: San Diego
- BSF: 12,937,320
- Acres: 297
This loan, which was recently closed, represents a significant investment in the Santa Fe Valley area. The borrower will use the funds for land acquisition and pre-development activities. For more information, contact [email protected].
Players
San Diego 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93