Updated Aug 14, 2026
SM Capital, Inc. And Riverside Bank Provide $3,090,000 Refinance Loan To DWG Capital Group
892 Callendar Blvd
$3,090,000
$45/SF
Building Size
68,639 SF
Asset Type
Industrial
Closing
Jan 15, 2023
About this deal
AI
The property involved in the transaction is an industrial asset located at 892 Callendar Blvd in the Painesville market. It features a total square footage of 68,639 and is associated with a loan amount of $3,090,000. The loan is categorized as a refinance loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,090,000.00
- Loan Type: Refinance
- Lender: SM Capital, Inc., Riverside Bank (BUSINESS ACCOUNT)
- Landlord: DWG Capital Group, LLC
In this transaction, DWG Capital Group, LLC acts as the landlord. The financing was secured through SM Capital, Inc. and Riverside Bank, indicating a collaborative effort in the refinancing process.
On the Map
$3,090,000
$45/SF
Industrial
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Players
Painesville 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
5.13%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93