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CoreVest Finance Provides $15.75M Loan For Development Site In Branson, MO

Property Image
FINANCED
$15,750,000

Missouri

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Development Site
Financed 06/12/2023
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Property Image
FINANCED

CoreVest Finance Provides $15.75M Loan For Development Site In Branson, MO

76 Country Boulevard Branson, Missouri 65616, USA

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Development Site
Financed 06/12/2023
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Summary

MISSOURI
Asset Type:Development Site
Transaction Type:Loan

A development site located at 76 Country Boulevard in Branson, MO was involved in a loan transaction on June 12, 2023. The loan amount of $15,750,000 was provided by CoreVest Finance.

Summary of transaction details

  • Property Type: Development Site
  • Loan Amount: $15,750,000
  • Address: 76 Country Boulevard
  • Market: Branson, MO

Drever Partners, represented by Galen Drever, acted as the landlord in this transaction.

Players

LENDER

Details

FINANCED
IMAGE: 06/12/2023 ADDRESS: 76 Country Boulevard MARKET: Branson, MO ASSET TYPE: Development Site LENDER: CoreVest Finance LANDLORD: Drever Partners - Galen Drever LOAN AMOUNT: $15,750,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,750,000.00

Monthly NOI$105,000.00
Monthly Debt Service$99,550.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00