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Metro Credit Union Provides $20.4M Loan For Industrial Property Acquisition In Peabody, MA

Property Image
FINANCED
$20,360,000
Amy Lousararian
Brett Paulsrud
OS

Massachusetts

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Industrial157,293 SF
Financed 06/06/2022
the dealplayerscompscontact
Property Image
FINANCED

Metro Credit Union Provides $20.4M Loan For Industrial Property Acquisition In Peabody, MA

1 Second Street, Peabody, Massachusetts 01960, United States

See Similar Deals
Industrial157,293 SF
Financed 06/06/2022
Amy Lousararian
Brett Paulsrud
OS
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$129
Total Square Footage:157,293 SF
Transaction Type:Loan

The industrial property located at 1 2nd St in Peabody, MA has been involved in a recent closed transaction. The property spans a total of 157,293 square feet and falls under the industrial asset type category.

Summary of transaction details

The loan provided for this transaction was an acquisition financing arrangement. The borrowing party was able to secure a loan amount of $20,360,000 from Metro Credit Union. Broker representatives, Brett Paulsrud and Amy Lousararian from JLL, facilitated the deal on behalf of the involved parties.

Players

Brett Paulsrud
JLL
Brett Paulsrud
20 deals$2.9B volume(617) 848-1571
BROKER
Amy Lousararian
JLL
Amy Lousararian
18 deals$1.3B volume
BROKER
Metro Credit Union
Metro Credit Union
LENDER
Bain Capital
Bain Capital
LENDER
OS
Bain Capital
Oliver Street
10 deals$365.6M volume
LANDLORD
OS
Oliver Street
10 deals$365.6M volume
LANDLORD

Details

FINANCED
IMAGE: Amy Lousararian & Brett Paulsrud DATE: 06/06/2022 ADDRESS: 1 2nd St MARKET: Peabody, MA ASSET TYPE: Industrial ~ SF: 157,293 LENDER: Metro Credit Union LANDLORD: Oliver Street Capital & Bain Capital Real Estate BROKERS: Brett Paulsrud & Amy Lousararian - JLL LOAN AMOUNT: $20,360,000 LOAN TYPE: Acquisition financing

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,360,000.00

Monthly NOI$135,733.33
Monthly Debt Service$128,689.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00