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MDH Partners Secures $130M Financing For Industrial Portfolio Across Multiple Markets
FINANCED
$130,000,000
Georgia
See Similar DealsIndustrial9,000,000 SF
Financed 04/15/2024
FINANCED
MDH Partners Secures $130M Financing For Industrial Portfolio Across Multiple Markets
Industrial9,000,000 SF
Financed 04/15/2024
Summary
Asset Type:Industrial
Price Per Square Foot:$14
Total Square Footage:9,000,000 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$130,000,000.00
Monthly NOI$866,666.67
Monthly Debt Service$821,688.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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