Updated Oct 29, 2026
Sammy Gil Of Fairwinds Credit Union Provides $2,000,000 Refinance Loan For Industrial Asset In Delray Beach
1107 Wallace Drive
$2,000,000
$289/SF
Building Size
6,900 SF
Asset Type
Industrial
Closing
Oct 23, 2026
About this deal
AI
The property asset involved in the transaction is an industrial facility located at 1107 Wallace Drive in the Delray Beach market. The asset encompasses a total square footage of 6,900 and is associated with a loan amount of $2,000,000 for a refinance type loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Lender: Sammy Gil - Fairwinds Credit Union
- Landlord's Representative: Brad Beattie - Janover Capital LLC
- Loan Type: Refinance
- Date of Transaction: 10/23/2026
Key individuals involved in the deal include Sammy Gil representing Fairwinds Credit Union as the lender, while Brad Beattie acts on behalf of Janover Capital LLC representing the landlord in this transaction.
On the Map
$2,000,000
$289/SF
Industrial
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Players
Delray Beach 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93