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Keystone Mortgage Corporation Secures $73.1 Million Refinance Loan For Industrial Portfolio In California

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FINANCED
$73,100,000

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Industrial1,100,000 SF
Financed 01/15/2025
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Property Image
FINANCED

Keystone Mortgage Corporation Secures $73.1 Million Refinance Loan For Industrial Portfolio In California

Industrial1,100,000 SF
Financed 01/15/2025
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Summary

Asset Type:Industrial
Price Per Square Foot:$66
Total Square Footage:1,100,000 SF
Transaction Type:Loan

The industrial portfolio consists of 1,100,000 square feet situated on 52.9 acres in the California market, reflecting significant asset characteristics within the industrial sector. The refinancing deal secured a loan amount of $73,100,000, featuring a 10-year fixed-rate and full-term interest-only payment structure.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $73,100,000
  • Loan Type: Refinance
  • Loan Terms: 10-year fixed-rate and full-term interest-only
  • Broker: Nick Viscount
  • Broker Agency: Keystone Mortgage Corporation
  • Market: California
  • Asset Size: 1,100,000 SF
  • Land Size: 52.9 Acres

Keystone Mortgage Corporation facilitated the refinancing of this industrial portfolio through a life insurance company lender, highlighting their involvement in managing nonrecourse loan transactions for private investor borrowers.

Players

Nicholas "Nick" Viscount
2 deals$73.1M volume(949) 540-9950
BROKER

Details

FINANCED
IMAGE: Nick Viscount DATE: 01/15/2025 ADDRESS: Industrial Portfolio MARKET: California ASSET TYPE: Industrial ~ SF: 1,100,000 ~ ACRES: 52.9 BROKER: Nick Viscount - Keystone Mortgage Corporation LOAN AMOUNT: $73,100,000 LOAN TYPE: Refinance LOAN TERMS: 10-year fixed-rate and full-term interest-only NOTE: Keystone Mortgage Corp. secured $73.1 million in fixed-rate loans to refinance a 1.1 million-square-foot industrial portfolio in Southern California. The financing, arranged through a life insurance company lender, includes 10-year, nonrecourse loans with full-term interest-only payments for the private investor borrower.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$73,100,000.00

Monthly NOI$487,333.33
Monthly Debt Service$462,041.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00