City National Bank Provides $5.3 Million Refinance Loan For Industrial Property In Melbourne
FINANCED
$5,300,000
Florida
See Similar DealsIndustrial50,000 SF
Financed 10/31/2025
FINANCED
City National Bank Provides $5.3 Million Refinance Loan For Industrial Property In Melbourne
3161 Skyway Circle
See Similar DealsIndustrial50,000 SF
Financed 10/31/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$106
Total Square Footage:50,000 SF
Transaction Type:Loan
The property involved in the transaction is an industrial asset located at 3161 Skyway Circle in the Melbourne market. It encompasses a total square footage of 50,000. The loan amount secured for this property is $5,300,000, categorized as a refinance loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,300,000
- Lender: City National Bank
- Landlord: Rob Sekula & Gediminas Bulota - North Park Ventures
- Loan Type: Refinance
- Date of Transaction: 10/31/2025
The deal features two key individuals, Rob Sekula and Gediminas Bulota, who represent North Park Ventures as landlords in this transaction. City National Bank serves as the lender for this refinancing deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,300,000.00
Monthly NOI$35,333.33
Monthly Debt Service$33,499.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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