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Randall Waddell Of NorthMarq Secures $45 Million Loan For The Blending House Development
FINANCED
$45,000,000
Kentucky
See Similar DealsIndustrial
Financed 01/20/2025
FINANCED
Randall Waddell Of NorthMarq Secures $45 Million Loan For The Blending House Development
1917 Vigo Road
See Similar DealsIndustrial
Financed 01/20/2025
Summary
KENTUCKY
Asset Type:Industrial
Transaction Type:Loan
The property asset involved in the transaction is located at 1917 Vigo Road, Shelbyville, KY, comprising 108 acres designated for industrial use. A loan amount of $45,000,000 has been secured to facilitate the refinancing of Phase 1 debt and fund Phase 2 construction of The Blending House development.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $45,000,000
- Address: 1917 Vigo Road
- Market: Shelbyville, KY
- Landlord: The Blending House Development
- Broker: Randall Waddell - NorthMarq
- Date: 01/20/2025
- Acres: 108
The key individual involved in this transaction is Randall Waddell representing NorthMarq, who played a crucial role in securing the financing for The Blending House development, thereby advancing its construction plans in Shelby County, Kentucky.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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