Bellwether Enterprise Real Estate Capital LLC Secures $77M Construction Loan For Office Building In Irvine
FINANCED
$77,000,000
California
See Similar DealsOffice205,000 SF
Financed 05/05/2022
FINANCED
Bellwether Enterprise Real Estate Capital LLC Secures $77M Construction Loan For Office Building In Irvine
Irvine, California, United States
See Similar DealsOffice205,000 SF
Financed 05/05/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$375
Total Square Footage:205,000 SF
Transaction Type:Loan
The property involved in this transaction is an office space located in Irvine, with a total square footage of 205,000. The deal was closed on 05/05/2022 in the Irvine market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $77,000,000
- Loan Type: Construction
The landlord for this property is Bellwether Enterprise Real Estate Capital LLC, represented by Tom Kenny, Josh Boehling, and Alex Gregoire. They facilitated the loan for the transaction, which amounted to $77,000,000. The loan type for this deal was the construction loan.
Details
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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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