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892 Callendar Blvd

SM Capital, Inc. And Riverside Bank Provide $3,090,000 Refinance Loan To DWG Capital Group
FINANCEDIndustrial

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

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:

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.

Players

John Barker Dunning

Buyer
Buyer

Max Ozkural

SM Capital, Inc.

Lender

$54.1M

vol

3 deals

Lender
RB
Riverside Bank (BUSINESS ACCOUNT)Lender
DL
DWG Capital Group, LLCLandlord

Painesville Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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