Updated Mar 11, 2025
CBRE Arranges $143M Loan Recapitalization For Industrial Portfolio In Minneapolis
Minneapolis, Minnesota, United States
$143,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 12, 2022
About this deal
AI
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
- Property Type: Industrial
- Transaction Amount: $143,000,000
- Address: Industrial Portfolio
- Market: Minneapolis
- Landlord: Onward Investors
- Brokers: Michael Caprile, Judd Welliver, Ryan Bain, Zachary Graham & Bentley Smith - CBRE
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.
On the Map
$143,000,000
MultiFamily
View full map
Players
Minneapolis MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Minnesota multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93