Sunny Sajnani Arranges $46.4M Construction Loan For Office In Pensacola
FINANCED
$46,400,000
Florida
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Financed 02/16/2022
FINANCED
Sunny Sajnani Arranges $46.4M Construction Loan For Office In Pensacola
5045 Commerce Park Circle, Pensacola, Florida 32505, United States
See Similar DealsOffice
Financed 02/16/2022
Summary
FLORIDA
Asset Type:Office
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,400,000.00
Monthly NOI$309,333.33
Monthly Debt Service$293,279.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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