Patrick Carney & Jeffrey Pechter's Mindful Capital Refinances Industrial Property In Plantation, FL With $7M Loan
6741 West Sunrise Boulevard, Plantation, FL, USA
$7,000,000
$1,166/SF
Building Size
6,000 SF
Asset Type
Industrial
Closing
Jul 23, 2020
AI
Located at 6741 W Sunrise Boulevard in Plantation, FL, an industrial property has recently undergone a loan refinancing. The 82,996 SF property, owned by Patrick Carney and Jeffrey Pechter of Mindful Capital, has been refinanced for a loan amount of $7 million. The terms of this refinancing include a 5-year term with 2 years of interest-only payments at a fixed rate of 3.21%. The loan type for this transaction is a refinance.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Address: 6741 W Sunrise Boulevard, Plantation, FL
- Market: Plantation, FL
Eric Trombly, the broker, was involved in this loan refinancing transaction.
Players
Plantation Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93