Alec Oriolo - JLJ Capital Provides $12.6M Construction Loan For Palm Bay Self Storage
FINANCED
$12,600,000
Florida
See Similar DealsSelf Storage114,059 SF
Financed 07/13/2023
FINANCED
Alec Oriolo - JLJ Capital Provides $12.6M Construction Loan For Palm Bay Self Storage
Self Storage114,059 SF
Financed 07/13/2023
Summary
FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$110
Total Square Footage:114,059 SF
Transaction Type:Loan
The self storage property located in Palm Bay, with a total square footage of 114,059, has recently undergone a transaction. The loan for this property has been provided by JLJ Capital, with Alec Oriolo representing the lender.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $12,600,000
Alec Oriolo from JLJ Capital has provided a construction loan of $12,600,000 for the self storage property in Palm Bay. This loan will support the construction of the property and its development.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,600,000.00
Monthly NOI$84,000.00
Monthly Debt Service$79,640.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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