FM Capital Refinances Industrial Property In Ocala For $15.4M
FINANCED
$15,400,000
Florida
See Similar DealsIndustrial800,000 SF
Financed 01/02/2024
FINANCED
FM Capital Refinances Industrial Property In Ocala For $15.4M
6045 SE 83rd St
See Similar DealsIndustrial800,000 SF
Financed 01/02/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$19
Total Square Footage:800,000 SF
Transaction Type:Loan
In Ocala, a refinance loan was secured for an industrial property located at 6045 Southeast 83rd Street. The property spans 800,000 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,400,000
- Address: 6045 Southeast 83rd Street
- Market: Ocala
- Loan Type: Refinance
- Loan Terms: 30 years
The loan was facilitated by FM Capital, with brokers Michael Mizrahi, JJ Goldblatt, and Yael Ishakis representing the deal. Their expertise in the market contributed to the successful refinancing of the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,400,000.00
Monthly NOI$102,666.67
Monthly Debt Service$97,338.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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