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Parkwest Casinos Secures $210M Acquisition Loan For Retail Property On Bicycle Casino Dr. In Bell Gardens

Property Image
FINANCED
$210,000,000

California

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Retail
Financed 05/14/2022
the dealdetailscomps
Property Image
FINANCED

Parkwest Casinos Secures $210M Acquisition Loan For Retail Property On Bicycle Casino Dr. In Bell Gardens

888 Bicycle Casino Drive, Bell Gardens, California 90201, United States

See Similar Deals
Retail
Financed 05/14/2022
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Loan

The retail property located at 888 Bicycle Casino Dr. in Bell Gardens is the subject of an acquisition loan. The loan, which was secured on 05/14/2022, amounts to $210,000,000. The property is owned by Parkwest Casinos.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $210,000,000
  • Loan Type: Acquisition
  • Loan Date: 05/14/2022
  • Address: 888 Bicycle Casino Dr.
  • Market: Bell Gardens
  • Landlord: Parkwest Casinos

The deal involves Parkwest Casinos as the landlord and their representatives. Further details regarding the parties involved in the acquisition are not available.

Details

FINANCED
IMAGE: 05/14/2022 ADDRESS: 888 Bicycle Casino Dr. MARKET: Bell Gardens ASSET TYPE: Retail LANDLORD: Parkwest Casinos LOAN AMOUNT: $210,000,000 LOAN TYPE: Acquisiton

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$210,000,000.00

Monthly NOI$1,400,000.00
Monthly Debt Service$1,327,342.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00