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
Pauline 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
4.89%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93