Wells Fargo Bank Provides $51.4M Loan For Development Site In Coral Springs
FINANCED
$51,350,000
Florida
See Similar DealsDevelopment Site
Financed 07/26/2022
FINANCED
Wells Fargo Bank Provides $51.4M Loan For Development Site In Coral Springs
12000 Northwest 39th Street, Coral Springs, Florida 33065, United States
See Similar DealsDevelopment Site
Financed 07/26/2022
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$51,350,000.00
Monthly NOI$342,333.33
Monthly Debt Service$324,566.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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