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
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