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2701 South Carolina Highway 56

DWG Capital Group, LLC Secures $3,244,500 Loan From SM Capital And Fieldpoint Private Bank For Industrial Property In Pauline
FINANCEDIndustrial

DWG Capital Group, LLC Secures $3,244,500 Loan From SM Capital And Fieldpoint Private Bank For Industrial Property In Pauline

2701 South Carolina Highway 56

$3,244,500

$44/SF

Building Size

72,705 SF

Asset Type

Industrial

Closing

Feb 23, 2023

AI

The property asset involved in this transaction is an industrial building located at 2701 South Carolina Highway 56 in Pauline. The asset comprises a total square footage of 72,705 and has a purchase loan amount of $3,244,500. The lender for this transaction is SM Capital, Inc., along with Fieldpoint Private Bank & Trust.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,244,500.00
  • Address: 2701 South Carolina Highway 56
  • Market: Pauline
  • Loan Type: Purchase
  • Landlord: DWG Capital Group, LLC

The key individuals involved in this transaction include the landlord, DWG Capital Group, LLC, who owns the property, while the lenders for the loan are SM Capital, Inc. and Fieldpoint Private Bank & Trust. These entities played a crucial role in facilitating the completion of the financial arrangement for the acquisition of the industrial asset.

Players

John Barker Dunning

Buyer
Buyer

Max Ozkural

SM Capital, Inc.

Lender

$54.1M

vol

3 deals

Lender
DL
DWG Capital Group, LLCLandlord

Pauline Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.89%

Cash-on-Cash

-1.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93