Triangle Equities Acquires Development Site In East Orange For $317M
FINANCED
$36,600,000
Georgia
See Similar DealsDevelopment Site
Financed 06/06/2022
FINANCED
Triangle Equities Acquires Development Site In East Orange For $317M
6327 Monroe Cole Rd Dallas, GA 30157, USA
See Similar DealsDevelopment Site
Financed 06/06/2022
Summary
GEORGIA
Asset Type:Development Site
Transaction Type:Loan
533 Main Street in East Orange is the subject of a recent closed property transaction. The property, identified as a development site, was involved in the deal.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $317,000,000
- Loan Image: Lester Petracca & Josh Weingarten
- Loan Date: 11/30/2022
- Market: East Orange
The key individuals and companies involved in the transaction include Triangle Equities represented by Lester Petracca & Josh Weingarten, Goldman Sachs represented by Michael Lohr, Basis Investment Group, and Incline Capital.
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,600,000.00
Monthly NOI$244,000.00
Monthly Debt Service$231,336.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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