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French Valley, California, ...

Trinity Investors And Halftery Development Secure $39.4M Construction Loan For French Valley Retail Property
FINANCEDRetail

Trinity Investors And Halftery Development Secure $39.4M Construction Loan For French Valley Retail Property

French Valley, California, United States

$39,400,000

Building Size

Asset Type

Retail

Closing

Apr 28, 2022

AI

Trinity Investors, in partnership with Halftery Development Company, has completed a closed transaction in French Valley involving a retail property spanning 22.0 acres. The property is located at an undisclosed address and was bought for an unspecified amount.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Market: French Valley
  • Acres: 22.0

Representing Trinity Investors in the deal was Jay Fuquay, while Halftery Development Company also played a role as the landlord. The brokers involved in this transaction were Brandon Wilhite, Sunny Sajnani, and Todd McNeill, who represented both the landlord and Marcus & Millichap Capital Corporation.

No further information about the specifics of the deal, such as the sale price or loan amount, was provided.

Players

Sunny Sajnani

Marcus & Millichap

Broker

$452.6M

vol

9 deals

Broker
TI
Trinity InvestorsLandlord

Winchester Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.40%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93