CBRE Arranges $143M Loan Recapitalization For Industrial Portfolio In Minneapolis
FINANCED
Minnesota
See Similar DealsMultiFamily
Financed 05/13/2022
FINANCED
CBRE Arranges $143M Loan Recapitalization For Industrial Portfolio In Minneapolis
Minneapolis, Minnesota, United States
See Similar DealsMultiFamily
Financed 05/13/2022
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
- 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.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
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
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