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Loan · Industrial

Updated Dec 4, 2024

Rachel Garcia Of CRE Capital Investments Arranges $2.1M Refinance Loan In Ontario
FINANCEDIndustrial

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:

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.

Players

Rachel Garcia

CRE Capital Investments

Broker

$2.1M

vol

1 deal

Broker
Rubicon Mortgage Fund
Rubicon Mortgage FundLender

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

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