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Jones Street Investment Partners - Matt Ranalli Secures $77.9M Construction Financing For Development Site In Kittery

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FINANCED
$77,900,000

Maine

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Development Site
Financed 11/08/2022
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Property Image
FINANCED

Jones Street Investment Partners - Matt Ranalli Secures $77.9M Construction Financing For Development Site In Kittery

76 Dennett Road

See Similar Deals
Development Site
Financed 11/08/2022
the dealplayerscompscontact
Contact now

Summary

MAINE
Asset Type:Development Site
Transaction Type:Loan

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $77,900,000
  • Address: 76 Dennett Rd, Kittery, ME
  • Lender: KeyBank & Fidelity
  • Landlord: Jones Street Investment Partners - Matt Ranalli
  • Broker: Colliers
  • Loan Type: Construction financing

Players

Fidelity Bank
Fidelity Bank
LENDER
KeyBank
KeyBank
LENDER
JP
Jones Street Investment Partners
LANDLORD

Details

FINANCED
IMAGE: Matt Ranalli DATE: 11/08/2022 ADDRESS: 76 Dennett Rd MARKET: Kittery, ME ASSET TYPE: Development Site LENDER: KeyBank (@KeyBank) & Fidelity (@Fidelity) LANDLORD: Jones Street Investment Partners - Matt Ranalli BROKERS: Colliers (@ColliersInternational) LOAN AMOUNT: $77,900,000 LOAN TYPE: Construction financing

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$77,900,000.00

Monthly NOI$519,333.33
Monthly Debt Service$492,380.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00