Foundry Commercial And Wheelock Street Capital Secures $78M Construction Loan For Pompano Beach Industrial Asset
FINANCED
$78,000,000
+ 1
Florida
See Similar DealsIndustrial476,897 SF
Financed 09/24/2025
FINANCED
Foundry Commercial And Wheelock Street Capital Secures $78M Construction Loan For Pompano Beach Industrial Asset
2900 West Sample Road
See Similar DealsIndustrial476,897 SF
Financed 09/24/2025
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$163
Total Square Footage:476,897 SF
Transaction Type:Loan
The property asset involved in this transaction is an industrial facility located at 2900 West Sample Road in Pompano Beach. The asset encompasses a total square footage of 474,000 and is associated with a loan amount of $78,000,000 for construction purposes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $78,000,000
- Address: 2900 West Sample Road
- Market: Pompano Beach
- Landlord: Foundry Commercial & Wheelock Street Capital
- Brokers: Melissa Rose, Steve Klein, Jovi Rodriguez & Preston Bacon - JLL
- Loan Type: Construction
The key individuals involved in this transaction include Melissa Rose, Steve Klein, Jovi Rodriguez, and Preston Bacon, all representing JLL. Foundry Commercial and Wheelock Street Capital are the landlords associated with the property.
Players
BROKERAGE
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$78,000,000.00
Monthly NOI$520,000.00
Monthly Debt Service$493,013.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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