Bellwether Enterprise Real Estate Capital LLC Provides $30.65M Construction Loan In Ontario
Ontario, Ca
Building Size
—
Asset Type
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Closing
Dec 18, 2022
AI
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.
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93