Updated Oct 29, 2024
Black Bear Capital Partners Arranges $7.5M Loan For Henderson Dev Site
905 East Dale, Henderson, NV 89044, USA
$7,500,000
$99/SF
Building Size
75,150 SF
Asset Type
Development Site
Closing
Feb 28, 2021
About this deal
AI
Black Bear Capital Partners has arranged $7.5 million in construction financing for the development of Executive Airport Crossing, a proposed mid-bay industrial property in Henderson, NV. The project will consist of two buildings spanning a total of 75,150 square feet. Located at 905 & 915 E Dale St, the property offers direct access to Henderson Executive Airport and major thoroughfares such as I-15 & I-215 Freeway.
Summary of transaction details
- Property Type: Development Site
- Address: 905 & 915 E Dale St
- Market: Henderson, NV
- Loan Amount: $7,500,000
- Term: 15 months, fixed rate, non-recourse construction financing
- Landlord: Brass Cap Development
- Broker: Brandon Harris - Black Bear Capital Partners
The financing, arranged by Black Bear Capital Partners, provides non-recourse construction funds for the ground-up development of Executive Airport Crossing. Brass Cap Development will oversee the construction of the two-building industrial property, which will cater to businesses seeking prime industrial space in Henderson, NV.
Henderson Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93