360 Capital Funding Provides $14.4M Rehab Loan For Industrial Self-Storage Property In Philadelphia, PA
FINANCED
$14,400,000
Pennsylvania
See Similar DealsIndustrial150,000 SF
Financed 12/21/2022
FINANCED
360 Capital Funding Provides $14.4M Rehab Loan For Industrial Self-Storage Property In Philadelphia, PA
Industrial150,000 SF
Financed 12/21/2022
Summary
Asset Type:Industrial
Price Per Square Foot:$96
Total Square Footage:150,000 SF
Transaction Type:Loan
360 Capital Funding, represented by Andrew Waldman, provided a $14,400,000 loan for the rehab of a self-storage industrial property in Philadelphia, PA. The property spans 150,000 square feet and is owned by an undisclosed entity.
Summary of Transaction Details:
- Property Type: Industrial - Self-Storage
- Transaction Amount: $14,400,000
- Lender: 360 Capital Funding - Andrew Waldman
- Broker: Michael Lee - HKS Real Estate Advisors
Andrew Waldman, representing 360 Capital Funding, facilitated the loan for the self-storage rehab project. Michael Lee of HKS Real Estate Advisors served as the broker in the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,400,000.00
Monthly NOI$96,000.00
Monthly Debt Service$91,017.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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