Valley National Bank Provides $54.8M Construction Loan For Industrial Property In Jupiter
FINANCED
$54,760,000
Florida
See Similar DealsIndustrial555,000 SF
Financed 09/27/2022
FINANCED
Valley National Bank Provides $54.8M Construction Loan For Industrial Property In Jupiter
15500 Venture Way, Jupiter, Florida
See Similar DealsIndustrial555,000 SF
Financed 09/27/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$98
Total Square Footage:555,000 SF
Transaction Type:Loan
A construction loan has been secured for an industrial property located at 15500 Venture Way in Jupiter. The property spans 555,000 square feet and sits on 45.7 acres. The loan has been provided by Valley National Bank for a total amount of $54,760,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $54,760,000
- Address: 15500 Venture Way
- Market: Jupiter
- Size: 555,000 square feet
- Acres: 45.7
The property is owned by TPA Group, represented by Bradford Smith & Nathan Pramik. They have secured a construction loan from Valley National Bank for the development of this industrial asset in Jupiter.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$54,760,000.00
Monthly NOI$365,066.67
Monthly Debt Service$346,120.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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