Weyland Ventures Secures $28M Construction Financing For Mixed-Use Property On West Market Street In Louisville
815 West Market Street, Louisville, Kentucky 40202, United States
$28,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 7, 2022
About this deal
AI
The mixed-use property located at 815 West Market Street in Louisville, KY has undergone a closed transaction recently. The loan for this property was provided by Thorofare Capital, with David Perlman, Jacob Yi, and Paul Kim representing the lending company. The loan amount for the construction financing was $28,000,000. The landlord of this property is Weyland Ventures, and the broker involved in the deal was Ray Boorojian from Wave Capital.
Summary of transaction details:
- Property Type: Mixed use
- Transaction Amount: $28,000,000
- Lender: Thorofare Capital - David Perlman, Jacob Yi & Paul Kim
- Landlord: Weyland Ventures
- Broker: Ray Boorojian - Wave Capital
This transaction showcases the collaboration between Thorofare Capital and Weyland Ventures in the development of the mixed-use property at 815 West Market Street. The loan provided by Thorofare Capital, represented by David Perlman, Jacob Yi, and Paul Kim, enabled the construction of this property. Ray Boorojian from Wave Capital played a crucial role as the broker in facilitating this deal.
Players
Louisville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93