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6741 West Sunrise Boulevard...

Patrick Carney & Jeffrey Pechter's Mindful Capital Refinances Industrial Property In Plantation, FL With $7M Loan
FINANCEDIndustrial

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

Eric Trombly

Black Bear Capital Partners

Broker

$617.2M

vol

27 deals

Broker
Jeffrey Pechter

Jeffrey Pechter

Mindful Capital

Landlord

$137.9M

vol

12 deals

Landlord

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