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MDH Partners Expands Frontier Loan With Capital One To $162M

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FINANCED
$162,000,000

Illinois

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Industrial
Financed 06/27/2024
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FINANCED

MDH Partners Expands Frontier Loan With Capital One To $162M

Industrial
Financed 06/27/2024
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Summary

Asset Type:Industrial
Transaction Type:Loan

The industrial portfolio acquired by Arun Singh and Michael Loffredo of MDH Partners in Phoenix, Streamwood, Ill., Savannah, Ga., Indianapolis, El Paso, Texas, and Ocala, Fla., received a loan totaling $162,000,000 from Mary Lucy Lester of Capital One. The loan was expanded to cover recent acquisitions in Phoenix and Chicago, supporting over 2.2 million square feet of properties across multiple cities, including developments from MDH's Fund II.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $162,000,000
  • Address: Portfolio
  • Market: Phoenix; Streamwood, Ill.; Savannah, Ga.; Indianapolis; El Paso, Texas; Ocala, Fla
  • Lender: Mary Lucy Lester - Capital One
  • Landlord: Arun Singh & Michael Loffredo - MDH Partners

The loan, now at $162 million, was secured to facilitate the expansion of MDH Partners' portfolio through recent acquisitions in Phoenix and Chicago. The Frontier Loan plays a pivotal role in supporting MDH's properties in various cities, marking a significant step in the growth strategy of the company.

Players

LENDER

Details

FINANCED
IMAGE: Arun Singh & Michael Loffredo DATE: 06/27/2024 ADDRESS: Portfolio MARKET: Phoenix; Streamwood, Ill.; Savannah, Ga.; Indianapolis; El Paso, Texas; Ocala, Fla ASSET TYPE: Industrial LENDER: Mary Lucy Lester - Capital One (@CapitalOne) LANDLORD: Arun Singh & Michael Loffredo - MDH Partners LOAN AMOUNT: $162,000,000 NOTE: MDH Partners expanded its loan from Capital One to $162 million, covering recent acquisitions in Phoenix and Chicago. The Frontier Loan now supports over 2.2 million square feet of properties in multiple cities, including developments from MDH's Fund II.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$162,000,000.00

Monthly NOI$1,080,000.00
Monthly Debt Service$1,023,950.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00