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MDH Partners Secures $80M Hubble Loan From KKR For California Logistics Centers Acquisition
FINANCED
$80,000,000
California
See Similar DealsIndustrial
Financed 08/22/2023
FINANCED
MDH Partners Secures $80M Hubble Loan From KKR For California Logistics Centers Acquisition
22780 Harley Knox Blvd Perris, CA 92571, USA
See Similar DealsIndustrial
Financed 08/22/2023
Summary
CALIFORNIA
Asset Type:Industrial
Transaction Type:Loan
MDH Partners, led by Arun Singh, has secured an $80 million "Hubble" loan from KKR to finance the acquisition of fully leased logistics centers located at 22780 Harley Knox Boulevard and 21500 Harvill Road in Perris, California. The industrial properties in the Inland Empire market are part of MDH Partners' recent acquisitions.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $80,000,000
- Address: 22780 Harley Knox Boulevard and 21500 Harvill Road, Perris
- Market: Perris
This deal marks MDH Partners' first real estate credit transaction with KKR. The "Hubble" loan provided by KKR enables MDH Partners, under the leadership of Arun Singh, to finance their expansion into the logistics centers in California's Inland Empire market. This strategic move strengthens MDH Partners' presence in the industrial real estate sector.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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