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NorthMarq Arranges $5M Industrial Loan For 38K SF Property On Royston Lane, Round Rock

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FINANCED
$5,000,000

Texas

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Industrial38,024 SF
Financed 04/22/2021
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FINANCED

NorthMarq Arranges $5M Industrial Loan For 38K SF Property On Royston Lane, Round Rock

1700 Royston Lane, Round Rock, TX 78664, USA

See Similar Deals
Industrial38,024 SF
Financed 04/22/2021
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$131
Total Square Footage:38,024 SF
Transaction Type:Loan

An industrial property located at 1700 Royston Lane in Round Rock has recently closed in a transaction. The property spans across 38,024 square feet, providing ample space for various industrial purposes. The transaction, which took place on 04/22/2021, involved a loan amount of $5,000,000 with a 25-year amortization schedule.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,000,000
  • Loan Term: 25-year amortization schedule
  • Address: 1700 Royston Lane, Round Rock
  • Market: Round Rock
  • Loan Broker: Chase Johnson - NorthMarq
  • Image Source: Chase Johnson

Chase Johnson, a representative from NorthMarq, played a vital role in facilitating the loan transaction for the industrial property at 1700 Royston Lane. With their expertise and negotiation skills, the loan agreement was successfully reached, allowing the buyer to secure the necessary funds for the property acquisition. This transaction highlights the importance of trusted professionals in closing intricate real estate deals.

Players

Chase Johnson
6 deals$221.4M volume
BROKER

NorthMarq
BROKERAGE

Details

FINANCED
IMAGE: Chase Johnson DATE: 04/22/2021 ADDRESS: 1700 Royston Lane MARKET: Round Rock ASSET TYPE: Industrial BROKER: Chase Johnson - NorthMarq LOAN AMOUNT: $5,000,000 LOAN TERM: 25-year amortization schedule SF: 38,024

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,000,000.00

Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00