Sunny Sajnani Arranges $46.4M Construction Loan For Office In Pensacola
5045 Commerce Park Circle, Pensacola, Florida 32505, United States
$46,400,000
Building Size
—
Asset Type
Office
Closing
Feb 15, 2022
AI
Located in Pensacola, the office property at 5045 Commerce Park Circle recently secured a loan for its construction. The deal was facilitated by broker Sunny Sajnani from Marcus & Millichap Capital Corp. The loan amount was $46,400,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $46,400,000
The 15-month construction loan will be followed by a 25-year, self-amortizing loan. This financing arrangement will support the development of the office property at 5045 Commerce Park Circle, allowing it to be completed and ready for use. Sunny Sajnani from Marcus & Millichap Capital Corp played a key role in securing this loan, ensuring that the project could proceed as planned.
Pensacola Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93