Ridgecut Road Secures $20 Million Loan From Catal Group For Development Site In Montgomery
14 Moosilauke Dr
$20,000,000
Building Size
—
Asset Type
Development Site
Closing
Mar 17, 2025
AI
The asset involved in the transaction is a development site located at 14 Moosilauke Dr in the Montgomery market. The property is associated with a construction loan amounting to $20,000,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,000,000.00
- Lender: Catal Group
- Landlord: Ridgecut Road
- Loan Type: Construction
- Loan Date: 03/17/2025
This transaction involves key individuals and entities including the lender, Catal Group, and the landlord, Ridgecut Road, who are integral to the agreement regarding the construction financing of the development site.
Players
Montgomery 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93