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Santander Bank Provides $32.6M Construction Financing For Industrial Property In Merrimack, NH

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FINANCED
$32,600,000

New Hampshire

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Industrial323,750 SF
Financed 12/19/2022
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Property Image
FINANCED

Santander Bank Provides $32.6M Construction Financing For Industrial Property In Merrimack, NH

50 Robert Milligan Parkway

See Similar Deals
Industrial323,750 SF
Financed 12/19/2022
the dealplayerscompscontact
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Summary

NEW HAMPSHIRE
Asset Type:Industrial
Price Per Square Foot:$100
Total Square Footage:323,750 SF
Transaction Type:Loan

Located at 50 Robert Milligan Parkway in Merrimack, NH, this industrial property spans a total of 323,750 square feet. The asset type is industrial, making it ideal for various industrial activities. The transaction took place on 12/19/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $32,600,000
  • Lender: Santander Bank
  • Landlord: Trammell Crow Co (TCC) - Elisha Long & Diamond Realty Investments
  • Broker: CBRE

The loan amount secured for this transaction was $32,600,000, with Santander Bank providing construction financing. Trammell Crow Co (TCC) represented the landlord, while Elisha Long and Diamond Realty Investments were also involved in the deal. CBRE acted as the broker throughout the transaction. Further information regarding the property, individuals, or companies involved was not provided.

Players

Santander Bank
Santander Bank
LENDER
DI
Diamond Realty Investments
LANDLORD
TC
Trammell Crow
LANDLORD

Details

FINANCED
IMAGE: Elisha Long DATE: 12/19/2022 ADDRESS: 50 Robert Milligan Parkway MARKET: Merrimack, NH ASSET TYPE: Industrial ~ SF: 323,750 LENDER: Santander Bank (@SantanderBankUS) LANDLORD: Trammell Crow Co (TCC) - Elisha Long & Diamond Realty Investments BROKER: CBRE (@CBRE) LOAN AMOUNT: $32,600,000 LOAN TYPE: Construction financing

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$32,600,000.00

Monthly NOI$217,333.33
Monthly Debt Service$206,054.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00