Northwestern Mutual Refinances Martignetti Companies' Industrial Property In Taunton, MA For $92M
FINANCED
$92,000,000
Massachusetts
See Similar DealsIndustrial630,000 SF
Financed 03/17/2022
FINANCED
Northwestern Mutual Refinances Martignetti Companies' Industrial Property In Taunton, MA For $92M
500 John Hancock Road, Taunton, Massachusetts 02780, United States
See Similar DealsIndustrial630,000 SF
Financed 03/17/2022
Summary
MASSACHUSETTS
Asset Type:Industrial
Price Per Square Foot:$146
Total Square Footage:630,000 SF
Transaction Type:Loan
The industrial property located at 500 John Hancock Rd in Taunton, MA has recently undergone a refinancing transaction. The property spans a total square footage of 630,000 and is owned by Martignetti Companies. The loan for this transaction was provided by Northwestern Mutual, a renowned lender in the industry.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $92,000,000
- Loan Type: Refinancing
- Loan Terms: 12-year, fixed-rate loan
The brokers for this deal were Tom Sullivan and Ross Fishman, who represented the buyer and seller respectively. They are affiliated with Cushman & Wakefield, a prominent real estate agency.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$92,000,000.00
Monthly NOI$613,333.33
Monthly Debt Service$581,502.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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