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Steven McCraney Secures $25.83 Million Loan For Industrial Asset At 11702 Trade Park Way

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FINANCED
$25,830,000
Melissa Rose
Michael DiCosimo
Justin Ratcliffe

New York

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Industrial299,030 SF
Financed 04/03/2025
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FINANCED

Steven McCraney Secures $25.83 Million Loan For Industrial Asset At 11702 Trade Park Way

11702 Trade Park Way

See Similar Deals
Industrial299,030 SF
Financed 04/03/2025
Melissa Rose
Michael DiCosimo
Justin Ratcliffe
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$86
Total Square Footage:299,030 SF
Transaction Type:Loan

The asset involved in this transaction is an industrial property located at 11702 Trade Park Way in the Tampa market, encompassing a total square footage of 299,030. The transaction was secured by a construction loan amounting to $25,830,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $25,830,000
  • Address: 11702 Trade Park Way
  • Market: Tampa
  • Asset Size: 299,030 SF
  • Landlord: Steven McCraney
  • Brokers: Melissa Rose, Michael DiCosimo, Justin Ratcliffe, and Nicole Barba - JLL
  • Loan Type: Construction

The key individuals involved in this transaction include landlord Steven McCraney and brokers Melissa Rose, Michael DiCosimo, Justin Ratcliffe, and Nicole Barba who represent the interests of the landlord in this deal. Their collaboration facilitated the successful acquisition of the construction loan for the property.

Players

Michael DiCosimo
JLL
Michael DiCosimo
37 deals$1.6B volume(267) 418-2323
BROKER
Melissa Rose
JLL
Melissa Rose
54 deals$3.2B volume
BROKER
Justin Ratcliffe
JLL
Justin Ratcliffe
3 deals$88.8M volume(954) 439-2548
BROKER

Details

FINANCED
IMAGE: Nicole Barba, Melissa Rose, Steven McCraney, Michael DiCosimo & Justin Ratcliffe DATE: 04/03/2025 ADDRESS: 11702 Trade Park Way MARKET: Tampa ASSET TYPE: Industrial ~ SF: 299,030 LANDLORD: Steven McCraney BROKERS: Melissa Rose (@MRose2110), Michael DiCosimo, Justin Ratcliffe (@JRatcliffe6) & Nicole Barba - JLL (@JLL) LOAN AMOUNT: $25,830,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,830,000.00

Monthly NOI$172,200.00
Monthly Debt Service$163,263.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00