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US Century Bank Provides $2.58M Acquisition Loan For 30,000 SF Industrial Building In Immokalee, FL

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FINANCED
$2,580,000

Florida

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Industrial30,000 SF
Financed 04/15/2022
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FINANCED

US Century Bank Provides $2.58M Acquisition Loan For 30,000 SF Industrial Building In Immokalee, FL

2050 Commerce Avenue, Immokalee, Florida 34142, United States

See Similar Deals
Industrial30,000 SF
Financed 04/15/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$86
Total Square Footage:30,000 SF
Transaction Type:Loan

The acquisition of a 30,000 SF industrial building located at 2050 Commerce Ave in Immokalee, FL, has been financed by a loan from US Century Bank. The loan amount for this acquisition is $2,580,000. The loan terms include a five-year fixed rate of 4.10%.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $2,580,000
  • Address: 2050 Commerce Ave, Immokalee, FL
  • Market: Immokalee, FL
  • Lender: US Century Bank
  • Broker: Emil DePasquale - Black Bear Capital Partner

Emil DePasquale from Black Bear Capital Partner represented the buyer in this transaction.

Players

Emil DePasquale
Black Bear Capital Partners
Emil DePasquale
90 deals$2.2B volume
BROKER
US Century Bank
US Century Bank
LENDER

Details

FINANCED
IMAGE: Emil DePasquale DATE: 04/15/2022 ADDRESS: 2050 Commerce Ave MARKET: Immokalee, FL ASSET TYPE: Industrial ~ SF: 30,000 LENDER: US Century Bank BROKER: Emil DePasquale - Black Bear Capital Partner (@BlackBearCapitalPartners) LOAN AMOUNT: $2,580,000 LOAN TYPE: Acquisition LOAN TERMS: The acquisition of the 30,000 SF industrial building was financed with a five (5) year Fixed Rate of 4.10%.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,580,000.00

Monthly NOI$17,200.00
Monthly Debt Service$16,307.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00