Western & Southern Life Insurance Refinances Special Purpose Property In Pompano Beach With $19.75M Loan
FINANCED
$19,750,000
Minnesota
See Similar DealsFinanced 06/16/2022
FINANCED
Western & Southern Life Insurance Refinances Special Purpose Property In Pompano Beach With $19.75M Loan
1001 Northeast 1st Avenue
See Similar DealsFinanced 06/16/2022
Summary
MINNESOTA
Transaction Type:Loan
Located at 1001 NE 1st Ave in Pompano Beach, this special purpose property spans 97,000 square feet. It was involved in a recent closed transaction for a loan refinance.
Summary of transation details
- Property Type: Special Purpose
- Transaction Amount: $19,750,000
- Market: Pompano Beach
- Date: 06/16/2022
- Image: John Darrow
The lender, Western & Southern Life Insurance Company, provided the loan for the transaction. The loan terms were a cash-out refinance, with the rate locked at application. The borrower was represented by John Darrow from Slatt Capital.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,750,000.00
Monthly NOI$131,666.67
Monthly Debt Service$124,833.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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