Jonathan Lewis Of JLJ Capital Provides $12M Construction Loan For Self Storage In Coconut Creek
FINANCED
$12,000,000
Florida
See Similar DealsSelf Storage64,875 SF
Financed 05/23/2024
FINANCED
Jonathan Lewis Of JLJ Capital Provides $12M Construction Loan For Self Storage In Coconut Creek
5351 Wiles Road
See Similar DealsSelf Storage64,875 SF
Financed 05/23/2024
Summary
FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$185
Total Square Footage:64,875 SF
Transaction Type:Loan
The property at 5351 Wiles Road in Coconut Creek, FL is a self-storage asset with a total square footage of 64,875. The transaction involved a construction loan amounting to $12,000,000 and was facilitated by Jonathan Lewis of JLJ Capital. The landlord associated with this property is Southwestern Property Corp.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $12,000,000
- Address: 5351 Wiles Road
- Market: Coconut Creek, FL
- Lender: Jonathan Lewis - JLJ Capital
- Loan Type: Construction Loan
- Loan Terms: 24 months
The key individuals involved in this deal are Jonathan Lewis from JLJ Capital, who acted as the lender, and Southwestern Property Corp, the landlord. The loan terms for this transaction span over a period of 24 months.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,000,000.00
Monthly NOI$80,000.00
Monthly Debt Service$75,848.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions