GreenLake Asset Management LLC Provides $35.3M Loan For Mixed-Use Development In Waukee, IO
$35,300,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 15, 2023
About this deal
AI
GreenLake Asset Management LLC has extended $35.3 million in financing to support the construction of KeeTown Loop, a 40-acre mixed-use development located at Grand Prairie Parkway & Ashworth Road in Waukee, Iowa. The loan amount provided by GreenLake Asset Management LLC will be used for the construction of the project.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $35,300,000
- Address: Grand Prairie Parkway & Ashworth Road
- Market: Waukee, IO
- Landlord: Harry Coin
The loan is of construction type, aimed at facilitating the development of KeeTown Loop. This project, spanning 40 acres, will house a mix of residential, commercial, and potentially other types of spaces. The funding provided by GreenLake Asset Management LLC will enable the completion of this mixed-use development in Waukee, Iowa.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93