National Life Provides $10M Loan For Industrial Properties In Dallas
FINANCED
$10,000,000
Texas
See Similar DealsIndustrial
Financed
FINANCED
National Life Provides $10M Loan For Industrial Properties In Dallas
1444 North Cockrell Hill Road, Dallas, TX, USA
See Similar DealsIndustrial
Financed
Summary
TEXAS
Asset Type:Industrial
Transaction Type:Loan
A loan worth $10,000,000 was secured for an industrial property in Dallas. The property consists of three addresses: 1444 N. Cockrell Hill Boulevard, 4310 Adler Drive, and 4305 Pinnacle Point Drive.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Market: Dallas
The loan was provided by National Life, and the deal was brokered by JLL. DJ Meagher, Paul Brindley, and Dillon Donald of JLL represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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