Updated Dec 21, 2023
Pacific Southwest Realty Services Arranges $1.2M Refinance Loan For Industrial Property In Orange
Orange, CA, USA
$1,200,000
$135/SF
Building Size
8,840 SF
Asset Type
Industrial
Closing
Oct 21, 2021
About this deal
AI
A industrial property in Orange, with a square footage of 8,840, has recently undergone a loan transaction.
Summary of transaction details
- Property Type: Industrial
- Loan Amount: $1,200,000
- Loan Type: Refinance Loan
- Loan Terms: 5-Year Term. 25-Year Amortization. 3.375% Rate.
The loan was facilitated by Jonny Soleimani from Pacific Southwest Realty Services. Despite the challenges posed by the property's single-tenant nature and the upcoming lease expiry in January 2022, the lender was able to provide the most favorable terms in the market. Moreover, they creatively structured the deal to accommodate the solid building in a market with a low 1.7% vacancy rate. The borrower was incentivized to sign a new lease as soon as possible.
For further inquiries about this loan transaction, interested parties can reach out to Jonny Soleimani at 310-471-1998 or [email protected].
Santa Ana 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93