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CBRE Arranges $143M Loan Recapitalization For Industrial Portfolio In Minneapolis

Property Image
FINANCED
$143,000,000
Ryan Bain
Michael (Mike) Caprile
+ 2

Minnesota

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MultiFamily
Financed 05/13/2022
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Property Image
FINANCED

CBRE Arranges $143M Loan Recapitalization For Industrial Portfolio In Minneapolis

Minneapolis, Minnesota, United States

See Similar Deals
MultiFamily
Financed 05/13/2022
Ryan Bain
Michael (Mike) Caprile
+ 2
Contact now

Summary

MINNESOTA
Asset Type:MultiFamily
Transaction Type:Loan

An industrial portfolio in Minneapolis has been involved in a loan transaction. The portfolio consists of multiple industrial properties with a total square footage of 1,389,949. The loan was for recapitalization purposes and amounted to $143,000,000.

Summary of transation details

The loan transaction was facilitated by the brokers Michael Caprile, Judd Welliver, Ryan Bain, Zachary Graham, and Bentley Smith from CBRE. They represented the landlord, Onward Investors, in this recapitalization deal.

Players

Judd Welliver
27 deals$1.8B volume
BROKER

Bentley Smith
CBRE
25 deals$1.8B volume
BROKER

Michael (Mike) Caprile
CBRE
13 deals$1.7B volume(708) 870-8892
BROKER

Ryan Bain
CBRE
13 deals$1.3B volume
BROKER

Zachary Graham
CBRE
13 deals$1.3B volume
BROKER

Colliers Mortgage
LENDER

Details

FINANCED
IMAGE: Ryan Bain, Zachary Graham, Michael Caprile, Bentley Smith & Judd Welliver DATE: 05/13/2022 ADDRESS: Industrial Portfolio MARKET: Minneapolis ASSET TYPE: Industrial ~ SF: 1,389,949 LANDLORD: Onward Investors BROKERS: Michael Caprile, Judd Welliver, Ryan Bain, Zachary Graham & Bentley Smith - CBRE LOAN AMOUNT: $143,000,000 LOAN TYPE: Recapitalization

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$143,000,000.00

Monthly NOI$953,333.33
Monthly Debt Service$903,857.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00