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JLL Capital Markets Arranges $48.6M Loan For Industrial Properties In Dallas And San Antonio

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FINANCED
$48,580,000
Jeremy Womack
Jarrod McCabe
Reid Carleton
+ 3

Texas

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Industrial505,719 SF
Financed 04/08/2020
the dealplayerscompscontact
Property Image
FINANCED

JLL Capital Markets Arranges $48.6M Loan For Industrial Properties In Dallas And San Antonio

3551 Dan Morton Drive

See Similar Deals
Industrial505,719 SF
Financed 04/08/2020
Jeremy Womack
Jarrod McCabe
Reid Carleton
+ 3
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$96
Total Square Footage:505,719 SF
Transaction Type:Loan

MDH Partners, represented by Arun Singh, is the landlord of the industrial property located at 3551 Dan Morton Drive in Dallas, Texas. The property spans 505,719 square feet and is part of the Dallas market. The property was involved in a closed transaction on 04/08/2021.

Summary of transation details

The loan for the property was secured through JLL Capital Markets, with Christopher Drew, Maxx Carney, Reid Carleton, Jeremy Womack, and Jarrod McCabe serving as the brokers. The loan amount is $48,580,000 and it has a term of three years with a floating interest rate.

Players

Christopher (Chris) Drew
JLL
Christopher Drew
48 deals$4.7B volume(305) 421-6551
BROKER
Maxx Carney
Bellwether Enterprise (BWE)
Maxx Carney
20 deals$987M volume(305) 786-6179
BROKER
Reid Carleton
JLL
Reid Carleton
12 deals$653.4M volume
BROKER
Jarrod McCabe
JLL
Jarrod McCabe
5 deals$73.8M volume
BROKER
Jeremy Womack
JLL
Jeremy Womack
3 deals$132.6M volume
BROKER
MDH Partners
MDH Partners
BROKERAGE
Arun Singh
MDH Partners
Arun Singh
5 deals$402.4M volume
LANDLORD

Details

FINANCED
IMAGE: Christopher Drew, Reid Carleton, Arun Singh, Maxx Carney, Jeremy Womack & Jarrod McCabe DATE: 04/08/2021 ADDRESS: 3551 Dan Morton Drive & 2001 S. Laredo Street MARKET: Dallas & San Antonio ASSET TYPE: Industrial SF: 505,719 LANDLORD: MDH Partners - Arun Singh BROKER: Christopher Drew, Maxx Carney, Reid Carleton, Jeremy Womack, & Jarrod McCabe - JLL Capital Markets LOAN AMOUNT: $48,580,000 LOAN TERMS: Three-year, floating-rate loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$48,580,000.00

Monthly NOI$323,866.67
Monthly Debt Service$307,058.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00