Institutional Property Advisors Facilitates $135.33M Construction Financing For Oklahoma City Mixed-Use Development
$135,330,000
$338/SF
Building Size
400,000 SF
Asset Type
Development Site
Closing
Jul 12, 2023
AI
Institutional Property Advisors has facilitated $135.33 million in construction financing for the initial phase of a mixed-use development in Oklahoma City's Innovation District. The development site spans 400,000 square feet and is located in Oklahoma City, OK.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $135,330,000
- Market: Oklahoma City, OK
- Brokers: Todd McNeill, Sunny Sajnani, Travis Headapohl, and Christina Fine - Institutional Property Advisors
Todd McNeill, Sunny Sajnani, Travis Headapohl, and Christina Fine from Institutional Property Advisors played a key role in securing the construction financing for this mixed-use development in Oklahoma City's Innovation District. They successfully facilitated the transaction and ensured that the initial phase of the development receives the necessary funding.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93