National Life Provides $10M Loan For Industrial Properties In Dallas
1444 North Cockrell Hill Road, Dallas, TX, USA
$10,000,000
Building Size
—
Asset Type
Industrial
Closing
Jun 7, 2020
AI
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.
Players
Dallas 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93