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River Point Road, Wiscasset...

Updated Feb 16, 2024

Mark McClure Acquires 200-Acre Subdivision In Wiscasset, ME For $12.7M Loan From GenX Capital Partners
FINANCEDOther

Mark McClure Acquires 200-Acre Subdivision In Wiscasset, ME For $12.7M Loan From GenX Capital Partners

River Point Road, Wiscasset, Maine 04578, United States

$12,700,000

Building Size

Asset Type

Other

Closing

Apr 20, 2022

About this deal

AI

Located on River Point Rd in Wiscasset, ME, this 200-acre subdivision has recently undergone a significant transaction. Mark McClure, the landlord, has obtained a loan for the property from GenX Capital Partners. The loan amount is $12,700,000, and it is an acquisition loan as well as a construction loan.

Summary of transaction details:

  • Property Type: Subdivision
  • Transaction Amount: $12,700,000
  • Address: River Point Rd, Wiscasset, ME
  • Market: Wiscasset, ME
  • Landlord: Mark McClure
  • Lender: GenX Capital Partners
  • Loan Type: Acquisition Loan & Construction

This transaction highlights the collaboration between Mark McClure, the landlord, and GenX Capital Partners, the lender. Their partnership has facilitated the acquisition and construction of this 200-acre subdivision on River Point Rd in Wiscasset, ME. It signifies a significant investment in the development and growth of the area.

Players

GenX Capital Partners
GenX Capital PartnersLender

Wiscasset Other Market Snapshot

Boundary boundary · Other · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.25%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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