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Beverly Hills' PACT Capital Secures $362M Land Loan For San Joaquin County Acquisition

Property Image
FINANCED
$362,000,000
Adam Mortanian
Connor Haubursin
+ 1

California

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Land
Financed 08/18/2023
the dealplayerscompscontact
Property Image
FINANCED

Beverly Hills' PACT Capital Secures $362M Land Loan For San Joaquin County Acquisition

San Joaquin

See Similar Deals
Land
Financed 08/18/2023
Adam Mortanian
Connor Haubursin
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Land
Transaction Type:Loan

Beverly Hills' PACT Capital has secured a $362 million land loan for the acquisition of 1,600+ acres in a prized masterplan community in Northern California's San Joaquin County. The property, located near San Francisco, is entitled for 5,500 residential units and diverse commercial space.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $362,000,000
  • Market: San Joaquin County
  • Asset Type: Land
  • Acres: 1,600

The loan was facilitated by Adam Mortanian, Tyler Shegerian, Connor Haubursin, and Paul Monsen from PACT Capital. They played a crucial role in securing this significant loan for the acquisition. The loan type for this transaction is an acquisition loan, enabling PACT Capital to acquire the vast land for future development. This financing deal demonstrates the trust in PACT Capital's expertise and their vision for the potential of this property.

Players

Tyler Shegerian
1 deal$362M volume(559) 978-5333
BROKER

Adam Mortanian
PACT Capital
1 deal$362M volume(310) 993-1157
BROKER

Connor Haubursin
PACT Capital
1 deal$362M volume(213) 799-7228
BROKER

Paul Monsen
PACT Capital
1 deal$362M volume
BROKER

Details

FINANCED
IMAGE: Tyler Shegerian, Connor Haubursin, Paul Monsen & Adam Mortanian DATE: 08/18/2023 MARKET: San Joaquin County ASSET TYPE: Land ~ ACRES: 1,600 BROKERS: Adam Mortanian, Tyler Shegerian, Connor Haubursin & Paul Monsen - PACT Capital LOAN AMOUNT: $362,000,000 LOAN TYPE: Acquisition Loan NOTE: Beverly Hills' PACT Capital has secured a $362 million land loan for the acquisition of 1,600+ acres in a prized masterplan community in Northern California's San Joaquin County. The property, located near San Francisco, is entitled for 5,500 residential units and diverse commercial space.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$362,000,000.00

Monthly NOI$2,413,333.33
Monthly Debt Service$2,288,086.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00