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7820 Loxahatchee Road

Updated Dec 4, 2024

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

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

7820 Loxahatchee Road

$27,000,000

$181/SF

Building Size

148,722 SF

Asset Type

Self Storage

Closing

Jul 2, 2024

About this deal

AI

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

New Wave Loans
New Wave LoansLender

Pompano Beach Self Storage Market Snapshot

Boundary boundary · Self Storage · Loan transactions

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Deal FAQ

About $181 per square foot on a published $27M for 148,722 square feet (2024).

Browse Pompano Beach self storage loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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