facebook
Traded Co logo
Submit

New Wave Loans Funds $27M Construction Loan For Self Storage In Parkland

Property Image
FINANCED
$27,000,000

Florida

See Similar Deals
Self Storage148,722 SF
Financed 07/02/2024
the dealplayerscompscontact
Property Image
FINANCED

New Wave Loans Funds $27M Construction Loan For Self Storage In Parkland

7820 Loxahatchee Road

See Similar Deals
Self Storage148,722 SF
Financed 07/02/2024
Contact now

Summary

FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$181
Total Square Footage:148,722 SF
Transaction Type:Loan

The self storage property located at 7820 Loxahatchee Road in Parkland spans across 148,722 square feet. The property was involved in a recent transaction where a construction loan of $27,000,000 was secured through New Wave Loans. The landlords of the property are Jordan Feldman, Mitchell Feldman, Ryan Briggs, and Matthew Beggs of The Feldman Companies.

Summary of transation details:

  • Property Type: Self Storage
  • Transaction Amount: $27,000,000
  • Address: 7820 Loxahatchee Road
  • Market: Parkland
  • Lender: New Wave Loans
  • Landlords: Jordan Feldman, Mitchell Feldman, Ryan Briggs, Matthew Beggs - The Feldman Companies

The individuals involved in the transaction include Jordan Feldman, Mitchell Feldman, Ryan Briggs, and Matthew Beggs, who collectively represent The Feldman Companies as the landlords. They successfully secured a construction loan to facilitate the development of the self storage property in Parkland.

Players

LENDER

Details

FINANCED
IMAGE: Matthew Beggs, Mitchell Feldman, Jordan Feldman & Ryan Briggs DATE: 07/02/2024 ADDRESS: 7820 Loxahatchee Road MARKET: Parkland ASSET TYPE: Self Storage ~ SF: 148,722 LENDER: New Wave Loans LANDLORD: Jordan Feldman (@Feldman_Jordan), Mitchell Feldman (@BigMitchmiami), Ryan Briggs (@RyankBriggs) & Matthew Beggs (@MattBeggs) - The Feldman Companies (@TheFeldmanCompanies) LOAN AMOUNT: $27,000,000 LOAN TYPE: Construction Loan

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

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
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$27,000,000.00

Monthly NOI$180,000.00
Monthly Debt Service$170,658.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00