Updated Feb 4, 2025
Ivan Kustic Of MetroGroup Realty Finance Secures $24 Million Refinance For Pomona Industrial Facility
2200 South Reservoir Street
$24,000,000
$105/SF
Building Size
228,000 SF
Asset Type
Industrial
Closing
Jan 31, 2025
About this deal
AI
This is a 228,000-square-foot owner-occupied manufacturing facility located at 2200 South Reservoir Street in the Pomona market. It was financed with a refinancing loan amounting to $24 million, facilitating the operation of the industrial asset.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $24,000,000
- Loan Type: Refinance
- Lender: Ivan Kustic - MetroGroup Realty Finance
- Asset Size: 228,000 SF
- Address: 2200 South Reservoir Street
- Market: Pomona
Ivan Kustic from MetroGroup Realty Finance was instrumental in securing the refinancing loan with a European-based international bank to support this transaction.
Players
Pomona 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93