Stefen Chraghchian Of Marcus & Millichap Secures $107M Construction Loan For Mixed-Use Asset In Ontario
FINANCED
$107,000,000
California
See Similar DealsMixed-use311,689 SF
Financed 12/30/2024
FINANCED
Stefen Chraghchian Of Marcus & Millichap Secures $107M Construction Loan For Mixed-Use Asset In Ontario
4117 Concours Street
See Similar DealsMixed-use311,689 SF
Financed 12/30/2024
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$343
Total Square Footage:311,689 SF
Transaction Type:Loan
The asset involved in the transaction is a mixed-use property located at 4117 Concours Street in Ontario. The property encompasses a total square footage of 311,689. A construction loan of $107,000,000 was secured for this property.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $107,000,000
- Loan Type: Construction
- Broker: Stefen Chraghchian
- Agency: Marcus & Millichap
- Market: Ontario
Stefen Chraghchian represented the broker in this transaction, facilitating the construction financing for the property asset. The deal highlights the collaboration between the broker and the financing entities involved in securing the construction loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$107,000,000.00
Monthly NOI$713,333.33
Monthly Debt Service$676,312.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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