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Sonny Kalsi & Abbe Borok Of BGO Provide $72.3M Construction Loan For Industrial Property In Polk City, FL

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FINANCED
$72,275,418
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 3

Florida

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Industrial386,000 SF
Financed 12/28/2023
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Property Image
FINANCED

Sonny Kalsi & Abbe Borok Of BGO Provide $72.3M Construction Loan For Industrial Property In Polk City, FL

5830 Mount Olive Road

See Similar Deals
Industrial386,000 SF
Financed 12/28/2023
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 3
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$187
Total Square Footage:386,000 SF
Transaction Type:Loan

An industrial property located at 5830 Mt Olive Rd in Polk City, FL has been involved in a closed transaction. The property spans an area of approximately 386,000 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $72,275,418
  • Market: Polk City, FL
  • Lender: Sonny Kalsi & Abbe Borok - BGO
  • Landlord: Stephen Ross, Jeff Blau, Bruce Beal, Michael Winson - Related Fund Management
  • Landlord's Representative: Jordan Roeschlaub, Dustin Stolly & Nick Scribani - Newmark
  • Loan Type: Construction Loan

Sonny Kalsi and Abbe Borok from BGO provided a construction loan of $72,275,418 for the industrial property at 5830 Mt Olive Rd. The property is owned by Stephen Ross, Jeff Blau, Bruce Beal, and Michael Winson from Related Fund Management. The landlord's representatives in this deal were Jordan Roeschlaub, Dustin Stolly, and Nick Scribani from Newmark.

Players

Dustin Stolly
264 deals$49.1B volume
BROKER

Nick Scribani
Newmark
191 deals$55.1B volume(212) 372-2113
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

Stephen Ross
Related Group
47 deals$5.2B volume
BROKER

Jeff Blau
Related Companies
26 deals$18B volume
BROKER

BentallGreenOak
LENDER

Stephen Ross
Related Group
47 deals$5.2B volume
LANDLORD

Stephen Ross
Related Companies
47 deals$5.2B volume
LANDLORD

Stephen Ross
47 deals$5.2B volume
LANDLORD

Stephen Ross
Hudson Companies
47 deals$5.2B volume
LANDLORD

Stephen Ross
47 deals$5.2B volume
LANDLORD

Jeff Blau
Related Group
26 deals$18B volume
LANDLORD

Jeff Blau
Related Companies
26 deals$18B volume
LANDLORD

Jeff Blau
26 deals$18B volume
LANDLORD

Jeff Blau
Hudson Companies
26 deals$18B volume
LANDLORD

Jeff Blau
26 deals$18B volume
LANDLORD

Jeff Blau
26 deals$18B volume
LANDLORD

Bruce Beal
Related Companies
5 deals$453.1M volume
LANDLORD

Bruce Beal
Hudson Companies
5 deals$453.1M volume
LANDLORD

Bruce Beal
5 deals$453.1M volume
LANDLORD

Details

FINANCED
IMAGE: Jeff Blau, Abbe Borok, Jordan Roeschlaub, Nick Scribani, Dustin Stolly, Sonny Kalsi, Stephen Ross, Michael Winson & Bruce Beal DATE: 12/28/2023 ADDRESS: 5830 Mt Olive Rd MARKET: Polk City, FL ASSET TYPE: Industrial ~ SF: 386,000 LENDER: Sonny Kalsi (@SKhoya) & Abbe Borok - BGO (@LifeatBGO) LANDLORD: Stephen Ross, Jeff Blau, Bruce Beal, Michael Winson - Related Fund Management LANDLORD'S REP: Jordan Roeschlaub (@JordyRoeschlaub), Dustin Stolly & Nick Scribani (@ScribSays) - Newmark (@Newmark) LOAN AMOUNT: $72,275,418 LOAN TYPE: Construction Loan -StephenRoss

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$72,275,418.00

Monthly NOI$481,836.12
Monthly Debt Service$456,829.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00