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Standard Insurance Company Provides $20M Refinance Loan For 27,350 SF Industrial Property In El Monte
FINANCED
$20,000,000
California
See Similar DealsIndustrial27,350 SF
Financed 11/30/2023
FINANCED
Standard Insurance Company Provides $20M Refinance Loan For 27,350 SF Industrial Property In El Monte
4350 Temple City Boulevard
See Similar DealsIndustrial27,350 SF
Financed 11/30/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$731
Total Square Footage:27,350 SF
Transaction Type:Loan
A 7-acre Amazon-leased property located at 4350 Temple City Boulevard in the thriving El Monte market of Southern California has secured $20 million in refinancing. The property includes outdoor storage and an industrial building, spanning a total of 27,350 square feet. This transaction involved Standard Insurance Company as the lender.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Address: 4350 Temple City Boulevard
- Market: El Monte
- Square Footage: 27,350
- Loan Type: Refinance
Bryan Kenny from Bandon Capital Advisors represented the borrower in this refinancing deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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