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Bellwether Enterprise Real Estate Capital LLC Provides $30.65M Construction Loan In Ontario
$0
SOLD
Ontario
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SOLD
Bellwether Enterprise Real Estate Capital LLC Provides $30.65M Construction Loan In Ontario
Ontario, Ca
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Transaction Type:Sale
The industrial property located east of Ontario International Airport in Ontario, CA spans a total of 202,000 square feet across 11 acres. The property secured a construction loan worth $30,650,000 with a 10-year term. The loan features interest-only payments for the initial two years, and a fixed rate of 5.19% for the entire term.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $30,650,000
- Address: East of Ontario International Airport
- Market: Ontario, CA
- Loan Type: Construction Loan
- Loan Terms: 10-year term with interest-only payment for the first two years. The rate is fixed for the loan term at 5.19%
- Lender: Bellwether Enterprise Real Estate Capital LLC - Tom Kenny
The construction loan for the industrial property was provided by Bellwether Enterprise Real Estate Capital LLC, with Tom Kenny serving as the representative in the deal.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
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Debt Service Coverage Ratio (DSCR)
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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