2253 Apparel Inc. Secures $97.4M Acquisition Loan For Industrial Property In Perris, CA
FINANCED
$97,400,000
California
See Similar DealsIndustrial205,830 SF
Financed 09/22/2022
FINANCED
2253 Apparel Inc. Secures $97.4M Acquisition Loan For Industrial Property In Perris, CA
100 W Walnut Ave, Perris, CA 92571
See Similar DealsIndustrial205,830 SF
Financed 09/22/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$473
Total Square Footage:205,830 SF
Transaction Type:Loan
An industrial property located at 100 Walnut Avenue in Perris, CA has recently been involved in a loan transaction. The property spans approximately 205,830 square feet and sits on a 10-acre lot. It is owned by 2253 Apparel Inc.
Summary of transaction details
- Property Type: Industrial
- Loan Amount: $97,400,000
- Loan Type: Acquisition Loan
- Lenders: Israel Discount Bank of New York & Valley National Bank
- Landlord: 2253 Apparel Inc.
The loan, which was obtained on September 22, 2022, amounts to $97,400,000 and is categorized as an acquisition loan. The lenders involved in the transaction are Israel Discount Bank of New York and Valley National Bank. 2253 Apparel Inc. serves as the landlord.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$97,400,000.00
Monthly NOI$649,333.33
Monthly Debt Service$615,634.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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