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Lehigh Valley, Pennsylvania...

BEB Lending Provides $2.2M Bridge Loan For Industrial Development In Lehigh Valley
FINANCEDIndustrial

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

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].

Players

Dave Carswell

Broker

$56.7M

vol

3 deals

Broker
Sean Silverbrook

Sean Silverbrook

BEB Lending

Lender

$71.9M

vol

15 deals

Lender
BEB Capital
BEB Capital Lender

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