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Farmers & Merchants Bank Provides $45M Loan For Industrial Property Acquisition In Santa Fe Springs

Property Image
FINANCED
$45,000,000
Max Mraz
Brooke Hinkel
Marc Schillinger
+ 1

California

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Industrial158 SF
Financed 08/07/2022
the dealplayerscompscontact
Property Image
FINANCED

Farmers & Merchants Bank Provides $45M Loan For Industrial Property Acquisition In Santa Fe Springs

12065 Pike Street, Santa Fe Springs, California 90670, United States

See Similar Deals
Industrial158 SF
Financed 08/07/2022
Max Mraz
Brooke Hinkel
Marc Schillinger
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$284,810
Total Square Footage:158 SF
Transaction Type:Loan

An industrial property located at 12065 Pike St. in Santa Fe Springs has been involved in a recent transaction. The property spans approximately 158,000 square feet and is owned by Thor Equities. The deal was facilitated by brokers Marc Schillinger, David Sitt, Max Mraz, and Brooke Hinkel from JLL.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $45,000,000

Farmers & Merchants Bank served as the lender for this transaction. The loan, totaling $45,000,000, was an acquisition loan. JLL played a key role in securing a non-recourse and fixed-rate bridge loan. The purpose of this loan was to minimize interest carry costs and rate exposure during the execution of a long-term business plan.

Players

Marc Schillinger
JLL
Marc Schillinger
49 deals$2.2B volume
BROKER
David Sitt
JLL
David Sitt
12 deals$2.7B volume
BROKER
Max Mraz
JLL
Max Mraz
13 deals$452.3M volume
BROKER
Brooke Hinkel
JLL
Brooke Hinkel
9 deals$463.9M volume
BROKER
Thor Equities
Thor Equities
LANDLORD

Details

FINANCED
IMAGE: Marc Schillinger, David Sitt, Max Mraz & Brooke Hinkel DATE: 07/08/2022 ADDRESS: 12065 Pike St. MARKET: Santa Fe Springs ASSET TYPE: Industrial ~ SF: 158,000 LENDER: Farmers & Merchants Bank LANDLORD: Thor Equities BROKERS: Marc Schillinger (@Smaaackdab), David Sitt, Max Mraz (@Tajmraj) & Brooke Hinkel (@Brooke.Hinkel) - JLL (@JLL) LOAN AMOUNT: $45,000,000 LOAN TYPE: Acquisition LOAN TERMS: JLL identified a non-recourse and fixed rate bridge loan to minimize interest carry costs and rate exposure during execution of a long term business plan.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$45,000,000.00

Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00