Updated Dec 4, 2023
Forman Capital Provides $22.5M Construction Loan For Warner Robins Development Site
3930 US Hwy 41 Warner Robins, GA 31093, USA
$22,494,942
$166/SF
Building Size
135,395 SF
Asset Type
Development Site
Closing
Jul 28, 2023
About this deal
AI
A development site located at 3930 US Hwy 41 in Warner Robins, Georgia has secured a construction loan. Spanning an area of 135,395 square feet, the development site is set to undergo construction for an undisclosed project. The loan, amounting to $22,494,942, has been provided by Forman Capital, with Scott Mehlman, Ben Jacobson, and Brett Forman acting as the lenders' representatives.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $22,494,942
- Address: 3930 US Hwy 41, Warner Robins, Georgia
- Market: Warner Robins, Georgia
- Building SF: 135,395
The construction loan was secured by Jim Jacobi, who will be overseeing the development project on the site. Forman Capital, represented by Scott Mehlman, Ben Jacobson, and Brett Forman, provided the loan for the construction. The details regarding the specific project to be developed on the site have not been disclosed at this time.
Players
Warner Robins Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93