Logan Investments Provides $1.5M Loan For Industrial Property In Burbank
FINANCED
$1,500,000
California
See Similar DealsIndustrial
Financed 06/11/2021
FINANCED
Logan Investments Provides $1.5M Loan For Industrial Property In Burbank
2601 Empire Avenue, Burbank, CA, USA
See Similar DealsIndustrial
Financed 06/11/2021
Summary
CALIFORNIA
Asset Type:Industrial
Transaction Type:Loan
A $1,500,000 loan was recently secured for an industrial property located at 2601-2621 W. Empire Ave. in Burbank. The loan terms include an 8% interest rate and a 24-month repayment period. The lender for this transaction is Logan Investments, as represented by Ron Sentchuk from the Logan Investments team.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 2601-2621 W. Empire Ave., Burbank
- Market: Burbank
Ron Sentchuk, from Logan Investments, acted as the broker for this loan transaction. Logan Investments is known for their expertise in facilitating loans for industrial properties in the Burbank market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,500,000.00
Monthly NOI$10,000.00
Monthly Debt Service$9,481.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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