DWG Capital Group, LLC Secures $2,882,180 Purchase Loan From Max Ozkural In South Bend
301 E. Sample St.
$2,882,180
$44/SF
Building Size
65,256 SF
Asset Type
Industrial
Closing
Jan 28, 2024
AI
The property asset involved is an industrial type located at 301 E. Sample St in the South Bend market. The total square footage of the property is 65,256, and it was acquired through a purchase loan amounting to $2,882,180.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,882,180.00
- Loan Amount: $2,882,180.00
- Loan Type: Purchase
- Lender: Max Ozkural, SM Capital, Inc., 1st Secure State Banks
- Landlord: DWG Capital Group, LLC
The deal was facilitated by the involvement of significant individuals and companies including Max Ozkural, who represents the lender in this transaction, and DWG Capital Group, LLC, which serves as the landlord of the property. SM Capital, Inc. also played a role as a lender, contributing to the financial aspect of this transaction.
Players
South Bend 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
5.50%
Cash-on-Cash
-1.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93