Rhine Legacy Capital Provides $6.5 Million Bridge Loan In Kane County For Flex Asset
FINANCED
$6,500,000
Illinois
See Similar DealsIndustrial131,000 SF
Financed 01/04/2023
FINANCED
Rhine Legacy Capital Provides $6.5 Million Bridge Loan In Kane County For Flex Asset
Industrial131,000 SF
Financed 01/04/2023
Summary
Asset Type:Industrial
Price Per Square Foot:$49
Total Square Footage:131,000 SF
Transaction Type:Loan
The asset involved in this transaction is a Flex property located in Kane County, encompassing a total square footage of 131,000. The loan amount secured against this asset is $6,500,000, structured as a Bridge Loan. The loan was successfully closed in a timeframe of 9 business days.
Summary of transaction details:
- Property Type: Flex
- Transaction Amount: $6,500,000
- Loan Type: Bridge Loan
- Loan Terms: File Closed in 9 Business Days
- Lender: Rhine Legacy Capital - Samuel Kwadrat
- Market: Kane County
- Asset Square Footage: 131,000
The key individual representing the lender in this transaction is Samuel Kwadrat from Rhine Legacy Capital, which is noted as a nationwide CRE bridge lender. Their involvement facilitated the loan process and ensured a swift completion.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,500,000.00
Monthly NOI$43,333.33
Monthly Debt Service$41,084.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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