Ariel Forman Of Meridian Capital Group Arranges $2.4M Acquisition Loan In Lakeland
FINANCED
$2,400,000
Florida
See Similar DealsIndustrial44,400 SF
Financed 03/28/2024
FINANCED
Ariel Forman Of Meridian Capital Group Arranges $2.4M Acquisition Loan In Lakeland
3440 Craftsman Boulevard
See Similar DealsIndustrial44,400 SF
Financed 03/28/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$54
Total Square Footage:44,400 SF
Transaction Type:Loan
The industrial property located at 3440 Craftsman Boulevard in Lakeland spans a total of 44,400 square feet. The acquisition loan for this property amounted to $2,400,000.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Address: 3440 Craftsman Boulevard
- Market: Lakeland
- Asset Type: Industrial
- Broker: Ariel Forman - Meridian Capital Group
The loan for the acquisition of the industrial property was facilitated by Ariel Forman from Meridian Capital Group.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,400,000.00
Monthly NOI$16,000.00
Monthly Debt Service$15,169.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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