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JLL Capital Markets Arranges $124M Loan For Industrial Property In Riverside, CA

Property Image
FINANCED
$124,000,000
DM
MS

California

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Industrial1,170,000 SF
Financed 09/26/2022
the dealplayerscompscontact
Property Image
FINANCED

JLL Capital Markets Arranges $124M Loan For Industrial Property In Riverside, CA

14950 Meridian Parkway, Riverside, California 92518, United States

See Similar Deals
Industrial1,170,000 SF
Financed 09/26/2022
DM
MS
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$106
Total Square Footage:1,170,000 SF
Transaction Type:Loan

The industrial property located at 14950 Meridian Parkway in Riverside, CA has been involved in a recent transaction. The property spans approximately 1,170,000 square feet and is owned by IDS Real Estate Group - David G. Mgrublian & Murad Siam.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $124,000,000
  • Date: 09/26/2022
  • Market: Riverside, CA

The lender in this transaction is Northwestern Mutual, providing a 10-year fixed-rate loan. JLL Capital Markets acted as the broker in the deal.

Players

Northwestern Mutual
Northwestern Mutual
LENDER
DM
David G. Mgrublian
3 deals$357.6M volume
LANDLORD
MS
Murad Siam
2 deals$232.6M volume
LANDLORD

Details

FINANCED
IMAGE: Murad Siam & David G. Mgrublian DATE: 09/26/2022 ADDRESS: 14950 Meridian Parkway MARKET: Riverside, CA ASSET TYPE: Industrial ~ SF: 1,170,000 LENDER: Northwestern Mutual (@NorthwesternMutual) LANDLORD: IDS Real Estate Group - David G. Mgrublian & Murad Siam BROKER: JLL Capital Markets (@JLL) LOAN AMOUNT: $124,000,000 LOAN TERMS: 10-year loan, fixed-rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$124,000,000.00

Monthly NOI$826,666.67
Monthly Debt Service$783,764.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00