Updated Dec 4, 2024
VK Industrial Holdings VI, LLC Secures $19.1 Million Loan For Industrial Portfolio In Illinois And New Jersey
$19,100,000
Building Size
—
Asset Type
Industrial
Closing
Aug 12, 2024
About this deal
AI
The transaction involved six industrial properties located in Illinois and New Jersey with a loan amount of $19,100,000. The properties are part of an industrial portfolio and cater to the needs of VK Industrial Holdings VI, LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,100,000
- Lender: Sarah Hunter - Byline Bank
- Landlord: Mark Goode - Venture One Real Estate
- Landlord: Mitchell A. Kovitz - Kovitz Investment Group
- Market: Illinois & New Jersey
This financing deal marks the third collaboration between Byline Bank and VK Industrial Holdings VI, LLC, which was established by Venture One Real Estate and Kovitz Investment Group.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93