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Alliant Credit Union Provides $16.2M Loan For Industrial Property In Jacksonville

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FINANCED
$16,200,000

Florida

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Industrial194,400 SF
Financed 07/20/2020
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FINANCED

Alliant Credit Union Provides $16.2M Loan For Industrial Property In Jacksonville

9143 Philips Hwy, Jacksonville, FL 32256, USA

See Similar Deals
Industrial194,400 SF
Financed 07/20/2020
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$83
Total Square Footage:194,400 SF
Transaction Type:Loan

An industrial property located at 9143 Philips Highway in Jacksonville has been involved in a closed transaction. The property spans a total area of 194,400 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Address: 9143 Philips Highway, Jacksonville
  • Market: Jacksonville
  • Loan Image: Jacob Cohen
  • Lender: Alliant Credit Union
  • Landlord: Savlan Capital
  • Broker: Jacob Cohen – Walker & Dunlop
  • Loan Amount: $16,200,000
  • Loan Terms: Five-year, non-recourse, 30-year amortization schedule

Jacob Cohen, representing Walker & Dunlop, facilitated the deal as the broker. This closed transaction involved Alliant Credit Union as the lender and Savlan Capital as the landlord. The loan amount was set at $16,200,000 with a five-year term and a non-recourse arrangement. The loan follows a 30-year amortization schedule.

Players

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Details

FINANCED
IMAGE: IMAGE: Jacob Cohen DATE: 07/20/2020 ADDRESS: 9143 Philips Highway MARKET: Jacksonville ASSET TYPE: Industrial LENDER: Alliant Credit Union LANDLORD: Savlan Capital BROKER: Jacob Cohen – Walker & Dunlop LOAN AMOUNT: $16,200,000 LOAN TERMS: five-year, non-recourse, 30-year amortization schedule SF: 194,400

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,200,000.00

Monthly NOI$108,000.00
Monthly Debt Service$102,395.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00