Square Mile Capital Management Provides $118M Refinance Loan For Mixed-Use Property In Bay Area
FINANCED
$118,000,000
California
See Similar DealsMixed-use150,000 SF
Financed 04/21/2022
FINANCED
Square Mile Capital Management Provides $118M Refinance Loan For Mixed-Use Property In Bay Area
777 Industrial Road, San Carlos, California 94070, United States
See Similar DealsMixed-use150,000 SF
Financed 04/21/2022
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$786
Total Square Footage:150,000 SF
Transaction Type:Loan
The mixed-use property located at 777 Industrial Road in the Bay Area recently underwent a refinancing transaction. The property spans approximately 150,000 square feet and is owned by Presidio Bay Ventures.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $118,000,000
- Loan Type: Refinance
The lender for this transaction was Square Mile Capital Management. Jeff Wilcox from Gantry served as the broker representing the parties involved in the deal.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$118,000,000.00
Monthly NOI$786,666.67
Monthly Debt Service$745,840.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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