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IBorrow Provides $15.1M Loan For Industrial Property In Bismarck, ND
FINANCED
$15,100,000
North Dakota
See Similar DealsIndustrial499,759 SF
Financed 05/12/2023
FINANCED
IBorrow Provides $15.1M Loan For Industrial Property In Bismarck, ND
401 North 9th Street Bismarck, North Dakota 58501, Usa
See Similar DealsIndustrial499,759 SF
Financed 05/12/2023
Summary
NORTH DAKOTA
Asset Type:Industrial
Price Per Square Foot:$30
Total Square Footage:499,759 SF
Transaction Type:Loan
The industrial property located at 401 North 9th Street in Bismarck, ND has been involved in a closed transaction. The property spans a total of 499,759 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,100,000
- Market: Bismarck, ND
- Lender: iBorrow - Brian Good
The loan for this transaction was provided by iBorrow, with Brian Good representing them as the lender. The loan amount involved in this transaction was $15,100,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,100,000.00
Monthly NOI$100,666.67
Monthly Debt Service$95,442.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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