MDH Partners Secures $130M Financing For Industrial Portfolio Across Multiple Markets
$130,000,000
$14/SF
Building Size
9,000,000 SF
Asset Type
Industrial
Closing
Apr 15, 2024
AI
The Industrial Portfolio, spanning 1,800,000 square feet, located across Savannah, Georgia; Indianapolis, Indiana; El Paso, Texas; and Ocala, Florida, was the subject of a financing deal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $130,000,000
- Address: Industrial Portfolio
- Market: Savannah, Georgia; Indianapolis, Indiana; El Paso, Texas; Ocala, Florida
- Lender: Mary Lucy Lester - Capital One
- Brokers: Arun Singh & Michael Loffredo - MDH Partners
MDH Partners secured $130 million in financing from Capital One for the Industrial Portfolio, with Arun Singh, MDH's CFO, underscoring the firm's strong track record in building lender confidence. Mary Lucy Lester from Capital One highlighted the economic importance of industrial assets during a period of reduced leasing activity nationwide.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93