Village Partners Ventures LLC & Bascom Group LLC Secure $77M Construction Loan For Montclair Mixed-Use Property
FINANCED
$77,000,000
California
See Similar DealsMixed-use45,100 SF
Financed 01/04/2022
FINANCED
Village Partners Ventures LLC & Bascom Group LLC Secure $77M Construction Loan For Montclair Mixed-Use Property
5050 Arrow Highway, Montclair, California 91763, United States
See Similar DealsMixed-use45,100 SF
Financed 01/04/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$1,707
Total Square Footage:45,100 SF
Transaction Type:Loan
The mixed-use property at 5050 Arrow Highway in Montclair has been involved in a closed transaction. The property spans across 6.0 acres and is located in the Montclair market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Date: 01/04/2022
- Address: 5050 Arrow Highway
- Market: Montclair
- Acres: 6.0
The landlord for this property is Village Partners Ventures LLC, represented by Don Henry, Michael Morris, and Bascom Group LLC, represented by Jerry Fink. The brokers involved in the deal are Mark Erland and Matt Benson from JLL.
A construction loan of $77,000,000 has been secured for this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$77,000,000.00
Monthly NOI$513,333.33
Monthly Debt Service$486,692.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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