JLL Facilitates $30.1M Construction Loan For Industrial & Logistics Property In Opa Locka
FINANCED
$30,100,000
Florida
See Similar DealsMultiFamily374,433 SF
Financed 06/07/2024
FINANCED
JLL Facilitates $30.1M Construction Loan For Industrial & Logistics Property In Opa Locka
4100 NW 142nd St
See Similar DealsMultiFamily374,433 SF
Financed 06/07/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$80
Total Square Footage:374,433 SF
Transaction Type:Loan
The industrial & logistics property located at 4100 Northwest 142nd Street in Opa Locka spans 374,433 square feet. The asset was involved in a transaction where a Construction Loan amounting to $30,100,000 was secured.
Summary of transaction details:
- Property Type: Industrial & Logistics
- Transaction Amount: $30,100,000
- Landlord: Foundry Commercial & Clarion Partners
- Landlord's Representatives: John Rose, Melissa Rose & Maddy McMillen - JLL
The deal's key individuals and companies included in this transaction are John Rose, Melissa Rose, and Maddy McMillen from JLL, who represented the landlords, Foundry Commercial & Clarion Partners.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,100,000.00
Monthly NOI$200,666.67
Monthly Debt Service$190,252.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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