JLL Capital Markets Secures $68.9M Loan For Costa Mesa & Fullerton Retail Property
FINANCED
$68,900,000
California
See Similar DealsRetail
Financed 06/28/2022
FINANCED
JLL Capital Markets Secures $68.9M Loan For Costa Mesa & Fullerton Retail Property
Fullerton, California, United States
See Similar DealsRetail
Financed 06/28/2022
Summary
CALIFORNIA
Asset Type:Retail
Transaction Type:Loan
In a recent closed property transaction, a retail asset located in Costa Mesa & Fullerton was involved. The loan for this transaction was facilitated by Greg Brown, John Marshall, and Jordan Leake from JLL Capital Markets.
Summary of transaction details
- Property Type: Retail
- Loan Amount: $68,900,000
- Loan Terms: 10-year, fixed-rate
- Market: Costa Mesa & Fullerton
This deal highlights the expertise and involvement of Greg Brown, John Marshall, and Jordan Leake from JLL Capital Markets in securing the $68,900,000 loan for the retail property located in Costa Mesa & Fullerton.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$68,900,000.00
Monthly NOI$459,333.33
Monthly Debt Service$435,494.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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