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4100 Northgate Boulevard

Peachtree Group Provides $20.5M Bridge Loan For Sacramento Industrial Property
FINANCEDIndustrial

Peachtree Group Provides $20.5M Bridge Loan For Sacramento Industrial Property

4100 Northgate Boulevard

$20,500,000

Building Size

Asset Type

Industrial

Closing

Apr 19, 2024

AI

The industrial property located at 4100 Northgate Boulevard in Sacramento was involved in a recent transaction. The property, owned by Charles Tourtellotte & Chris Tourtellotte of LaTerra Development, secured a bridge loan worth $20,500,000 from lender Nisu Mehta of Peachtree Group. The deal was facilitated by brokers Malcolm Davies and Alexander Rossinsky from WAY Capital.

Summary of transaction details:

The key individuals involved in this transaction include Nisu Mehta as the lender representing Peachtree Group and Charles Tourtellotte & Chris Tourtellotte as the landlords from LaTerra Development. Additionally, the deal was negotiated with the expertise of Malcolm Davies from Waycapitalcre and Alexander Rossinsky from WAY Capital, who worked as the brokers in facilitating this successful bridge loan transaction.

Players

Alexander Rossinsky

WAY Capital

Broker

$811.7M

vol

10 deals

Broker
Peachtree Group
Peachtree GroupLender

Sacramento 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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93