facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Loan

/

12000 Northwest 39th Street...

Wells Fargo Bank Provides $51.4M Loan For Development Site In Coral Springs
FINANCEDDevelopment Site

Wells Fargo Bank Provides $51.4M Loan For Development Site In Coral Springs

12000 Northwest 39th Street, Coral Springs, Florida 33065, United States

$51,350,000

Building Size

Asset Type

Development Site

Closing

Jul 25, 2022

AI

The development site located at 12000 NW 39th Street in Coral Springs has been involved in a closed transaction. The property spans over 22.2 acres and is owned by Foundry Commercial, represented by Paul Ellis.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Date: 07/26/2022
  • Market: Coral Springs
  • Address: 12000 NW 39th Street
  • Landlord: Foundry Commercial - Paul Ellis
  • Lender: Wells Fargo Bank
  • Loan Amount: $51,350,000

Wells Fargo Bank provided a loan of $51,350,000 for this transaction. The involvement of Paul Ellis from Foundry Commercial as the landlord's representative signifies their role in the deal.

Players

Foundry Commercial
Foundry CommercialBrokerage
Wells Fargo
Wells FargoLender

Paul Ellis

Landlord

$184.3M

vol

8 deals

Landlord

Coral Springs Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93