Updated Oct 28, 2024
Veritas Development Secures $100M Construction Loan For Development Site In Oklahoma City, OK
5101 North Pennsylvania Avenue, Oklahoma City, Oklahoma 73112, United States
$100,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 25, 2022
About this deal
AI
Veritas Development has secured a construction loan for a development site located at 5101 N Pennsylvania Ave in Oklahoma City, OK. The site spans approximately 11.85 acres and is owned by Veritas Development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $100,000,000 (Approx.)
The loan, obtained by Veritas Development, is a construction loan. The deal was facilitated by Jeremy Sain from JLL, who represented Veritas Development in the transaction.
The development site loan at 5101 North Pennsylvania Avenue, Oklahoma City, Oklahoma 73112, United States in Oklahoma City, Oklahoma financed for $100M in 2022. 5101 North Pennsylvania Avenue, Oklahoma City, Oklahoma 73112, United States is classified as Development Site on Traded. JLL appears on the loan alongside JLL. This page is the Oklahoma City, Oklahoma file for the 5101 North Pennsylvania Avenue, Oklahoma City, Oklahoma 73112, United States development site financed: pricing, party profiles, and other closed development site comps from the same Oklahoma City sit in the Market section below. Filter that Oklahoma City development site set by closing date to see what else financed near 5101 North Pennsylvania Avenue, Oklahoma City, Oklahoma 73112, United States around 2022. Published consideration for 5101 North Pennsylvania Avenue, Oklahoma City, Oklahoma 73112, United States is $100M, dated 2022. Cite this Veritas Development Secures $100M Construction Loan For Development Site In Oklahoma City, OK loan when underwriting similar development site product around Oklahoma City, Oklahoma.
Players
Oklahoma City Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Browse Oklahoma development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93