Wintrust Bank Provides $11.1M Bridge Loan For Industrial Property In Jacksonville FL
FINANCED
$11,100,000
Florida
See Similar DealsIndustrial
Financed
FINANCED
Wintrust Bank Provides $11.1M Bridge Loan For Industrial Property In Jacksonville FL
Industrial
Financed
Summary
Asset Type:Industrial
Transaction Type:Loan
The asset involved in this transaction is an industrial property located in Jacksonville, FL. The loan amount secured for this property is $11,100,000, classified as a bridge loan. The specific details regarding the square footage and exact address of the property are not provided.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,100,000
- Lender: Wintrust Bank
- Landlord's Representative: Morris Betesh, Morris Dabbah & Louis Halperin - Arrow Real Estate Advisors
- Loan Type: Bridge
The key individuals involved in this transaction include Morris Betesh, Morris Dabbah, and Louis Halperin, who represent the landlord through Arrow Real Estate Advisors. Their involvement is crucial in facilitating the loan process with Wintrust Bank for this industrial property in the Jacksonville market.
Players
BROKERAGE
LENDER
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,100,000.00
Monthly NOI$74,000.00
Monthly Debt Service$70,159.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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