Updated Oct 28, 2024
BEB Lending Provides $2.2M Bridge Loan For Industrial Development In Lehigh Valley
Lehigh Valley, Pennsylvania, United States
$2,200,000
$2/SF
Building Size
760,000 SF
Asset Type
Industrial
Closing
Dec 8, 2021
About this deal
AI
An industrial development site located at 136 Airstrip Rd in Lehigh Valley, PA has been acquired with the assistance of a $2.2 million bridge loan provided by BEB Lending. The property comprises 760,000 square feet of buildable space and was financed through this transaction. The loan was secured to finance the acquisition of the site. Lee Brodsky, Keyvan Ghaytanchi, and Sean Silverbrook, representing BEB Lending, structured the loan.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Address: 136 Airstrip Rd
- Market: Lehigh Valley, PA
- Asset Size: 760,000 square feet
Dave Carswell, from Largo Capital, served as the broker in this deal. Further details about BEB Lending's lending platform can be found at https://lnkd.in/dPd9fW4 or by reaching out to [email protected].
On the Map
$2,200,000
$2/SF
Industrial
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Players
South Whitehall Township Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93