Updated Oct 28, 2024
Berlin Hyp Provides €52.5M Refinance Loan For Development Site In Kijkduin, The Hague
2554 Kijkduin, The Hague, Netherlands
$52,500,000
Building Size
—
Asset Type
Development Site
Closing
Apr 11, 2021
About this deal
AI
The development site located at Kijkduin Boulevard, Kijkduin Beach, The Hague, 2554 GK, Netherlands, has undergone a loan refinancing transaction. The lender, Berlin Hyp represented by Sascha Klaus, provided a loan amount of €52,500,000 to the property owner, De Kijkduinse Retail Ontwikkelingsmaatschappij. This loan allows for the property development to proceed and meet financial requirements.
Summary of transaction details
- Property Type: Development Site
- Loan Amount: €52,500,000
- Lender: Berlin Hyp - Sascha Klaus
- Landlord: De Kijkduinse Retail Ontwikkelingsmaatschappij
Sascha Klaus from Berlin Hyp played an essential role in facilitating the loan refinancing for the development site at Kijkduin Boulevard in Kijkduin, The Hague. The involvement of these key individuals and companies reflects their commitment to supporting the property development and ensuring its success.
Players
The Hague Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93