Keystone Mortgage Corporation Secures $73.1 Million Refinance Loan For Industrial Portfolio In California
$73,100,000
$66/SF
Building Size
1,100,000 SF
Asset Type
Industrial
Closing
Jan 15, 2025
AI
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.
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93