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Dana Point Harbor Dr & E Pa...

Marquee Funding Group, Inc. Provides $11M Acquisition Loan For Development Site In Orange County
FINANCEDDevelopment Site

Marquee Funding Group, Inc. Provides $11M Acquisition Loan For Development Site In Orange County

Dana Point Harbor Dr & E Pacific Coast Hwy, Dana Point, CA 92629, USA

Building Size

113,563 SF

Asset Type

Development Site

Closing

Sep 2, 2022

AI

Located in Orange County, the development site at 34620 Del Obispo St. & 25325 Dana Point Harbor Dr. has recently undergone a closed transaction. The site spans 113,563 square feet and has a buildable square footage of 113,500. The transaction involved an acquisition loan provided by Marquee Funding Group, Inc., with a loan amount of $11,000,000.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $11,000,000
  • Address: 34620 Del Obispo St. & 25325 Dana Point Harbor Dr., Orange County
  • Market: Orange County
  • Loan Type: Acquisition Loan
  • Loan Provider: Marquee Funding Group, Inc.

The loan was facilitated by Steven Simantob, a representative from Marquee Funding Group, Inc. Steven Simantob can be reached via email at [email protected] or by phone at (818) 222-5222 ext. 117. Marquee Funding Group, Inc. is known for providing financing options for various real estate transactions across the United States.

Players

Marquee Funding Group
Marquee Funding GroupLender

Market Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93