Xebec Secures $34.1M Construction Loan For 315K SF Industrial Property In Chino
FINANCED
$34,100,000
National
See Similar DealsIndustrial315,320 SF
Financed 02/14/2022
FINANCED
Xebec Secures $34.1M Construction Loan For 315K SF Industrial Property In Chino
Industrial315,320 SF
Financed 02/14/2022
Summary
Asset Type:Industrial
Price Per Square Foot:$108
Total Square Footage:315,320 SF
Transaction Type:Loan
The property involved in this transaction is an industrial asset located in Chino. It spans a total of 315,320 square feet and sits on a 14-acre plot of land. The deal took place on 02/14/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $34,100,000
- Market: Chino
- Landlord: Xebec - Jay Soni
- Brokers: Mark Strauss & Rob Quarton - Walker & Dunlop
- Loan Type: Construction Loan
The landlord for this property is Xebec, represented by Jay Soni. The brokers involved in the deal are Mark Strauss and Rob Quarton from Walker & Dunlop. The loan amount for this transaction is $34,100,000 and it is a construction loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,100,000.00
Monthly NOI$227,333.33
Monthly Debt Service$215,535.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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