Updated Oct 29, 2024
Rhine Legacy Capital Provides $6.9M Bridge Loan For Industrial Property In Orange County, NY
$6,887,500
$76/SF
Building Size
90,000 SF
Asset Type
Industrial
Closing
Jun 29, 2023
About this deal
AI
An industrial property in Orange County, NY recently secured a bridge loan from Rhine Legacy Capital. The loan amount was $6,887,500.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,887,500
Rhine Legacy Capital, a balance sheet CRE bridge lender, provided the loan for the industrial property. Samuel Kwadrat, representing Rhine Legacy Capital, facilitated the transaction.
Rhine Legacy Capital Provides $6.9M Bridge Loan For Industrial Property In Orange County, NY is logged as a industrial loan on Traded (2023). The building is 90,000 square feet, implying about 76 per square foot on the published price. Samuel Kwadrat, Rhine Legacy Capital appear on the loan alongside Rhine Legacy Capital. This page is the market file for the Rhine Legacy Capital Provides $6.9M Bridge Loan For Industrial Property In Orange County, NY industrial financed: pricing, party profiles, and other closed industrial comps from the same area sit in the Market section below. Cite this Rhine Legacy Capital Provides $6.9M Bridge Loan For Industrial Property In Orange County, NY loan when underwriting similar industrial product.
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93