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BlackRock Provides $42.5M Loan For Industrial Properties In Arlington, Texas

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FINANCED
$42,500,000
Dustin Stolly
Dominick Calisto
Nick Scribani
+ 1

Texas

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Industrial583,000 SF
Financed 07/02/2020
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Property Image
FINANCED

BlackRock Provides $42.5M Loan For Industrial Properties In Arlington, Texas

2821 East Randol Mill Road

See Similar Deals
Industrial583,000 SF
Financed 07/02/2020
Dustin Stolly
Dominick Calisto
Nick Scribani
+ 1
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$72
Total Square Footage:583,000 SF
Transaction Type:Loan

An industrial property located at 3016-3030 East Avenue E and 2821 East Randol Mill Road in Arlington, Texas has been involved in a closed transaction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $42,500,000
  • Loan Amount: $42,500,000
  • Square Footage: 583,000 SF
  • Address: 3016-3030 East Avenue E, 2821 East Randol Mill Road, Arlington, Texas
  • Market: Arlington, Texas

The lender for this transaction was BlackRock, represented by Larry Fink, while the landlord was Arden Group, represented by Craig A. Spencer. The deal was facilitated by brokers Nick Scribani, Christopher Kramer, Donald Pavlov, Dominick Calisto, Dustin Stolly, and Jordan Roeschlaub from Newmark.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
264 deals$49.1B volume
BROKER
Nick Scribani
Newmark
Nick Scribani
191 deals$55.1B volume(212) 372-2113
BROKER
Dominick Calisto
Dominick Calisto
4 deals$798.9M volume
BROKER
Arden Group
Arden Group
LENDER
BlackRock
BlackRock
LENDER
CS
Arden Group
Craig A. Spencer
10 deals$1.5B volume
LANDLORD

Details

FINANCED
IMAGE: Craig A. Spencer & Larry Fink DATE: 07/02/2021 ADDRESS: 3016-3030 East Avenue E, 2821 East Randol Mill Road MARKET: Arlington, Texas ASSET TYPE: Industrial LENDER: BlackRock - Larry Fink LANDLORD: Arden Group - Craig A. Spencer BROKERS: Nick Scribani, Christopher Kramer, Donald Pavlov, Dominick Calisto, Dustin Stolly & Jordan Roeschlaub - Newmark LOAN AMOUNT: $42,500,000 SF: 583,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$42,500,000.00

Monthly NOI$283,333.33
Monthly Debt Service$268,628.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00