Calmwater Capital Provides $8.34M Construction Loan For Industrial Property In Gastonia, NC
FINANCED
$8,340,000
North Carolina
See Similar DealsIndustrial60,000 SF
Financed 05/25/2022
FINANCED
Calmwater Capital Provides $8.34M Construction Loan For Industrial Property In Gastonia, NC
1651 Delta Drive, Gastonia, North Carolina 28052, United States
See Similar DealsIndustrial60,000 SF
Financed 05/25/2022
Summary
NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$139
Total Square Footage:60,000 SF
Transaction Type:Loan
The 60,000 square foot industrial property located at 1651 Delta Drive in Gastonia, NC has been involved in a recent transaction. The deal was facilitated by Zach Lutwak-Fitzgerald from Black Bear Capital Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,340,000
- Loan Type: Construction
- Date: 05/25/2022
- Market: Gastonia, NC
- Lender: Calmwater Capital
- Landlord: Exponential Equity
The transaction involved a construction loan provided by Calmwater Capital. The loan amount of $8,340,000 was used for the construction of a 597-unit self-storage center on the property. The loan has a 3-year floating rate with full-term interest-only payments.
Players
LENDER
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,340,000.00
Monthly NOI$55,600.00
Monthly Debt Service$52,714.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions