Updated Dec 4, 2024
Rachel Garcia Of CRE Capital Investments Arranges $2.1M Refinance Loan In Ontario
$2,100,000
Building Size
—
Asset Type
Industrial
Closing
May 1, 2024
About this deal
AI
The industrial property located at 10806 Monte Vista Ave in Ontario has been subject to a $2,100,000 refinancing loan provided by Cesar Pena of Rubicon Mortgage Fund. The loan term spans 12 months, with McD INC acting as the landlord for this transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Lender: Cesar Pena - Rubicon Mortgage Fund
- Landlord: McD INC
- Brokers: Rachel Garcia - CRE Capital Investments
- Address: 10806 Monte Vista Ave
- Market: Ontario
Rachel Garcia of CRE Capital Investments facilitated the deal as the broker representing the parties involved in this refinancing transaction at 10806 Monte Vista Ave.
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93