CAI Capital Acquires Mixed-Use Property In Reno, NV With $141.9M Construction Loan
FINANCED
$141,919,000
Nevada
See Similar DealsMixed-use1,500,000 SF
Financed
FINANCED
CAI Capital Acquires Mixed-Use Property In Reno, NV With $141.9M Construction Loan
219 North Center Street, Reno, Nevada 89501, United States
See Similar DealsMixed-use1,500,000 SF
Financed
Summary
NEVADA
Asset Type:Mixed-use
Price Per Square Foot:$94
Total Square Footage:1500000 SF
Transaction Type:Loan
219 N Center St is a mixed-use property located in Reno, NV. With a total square footage of 1,500,000, this property serves as a versatile space for various purposes.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $141,919,000
- Loan Type: Construction
In this transaction, Acore Capital represented by Kyle Jeffers provided a loan of $141,919,000 to CAI Capital, represented by Chris Beavor. The loan was intended for construction purposes. Mike Guterman from Highland Realty Capital acted as the broker in facilitating the deal.
Players
BROKERAGE
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$141,919,000.00
Monthly NOI$946,126.67
Monthly Debt Service$897,024.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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