Updated Oct 28, 2024
BEB Lending Provides $4.5M Bridge Loan For Commerce Industrial Property
400 Maple Street, Commerce, TX 75428
$4,500,000
$7/SF
Building Size
609,486 SF
Asset Type
Industrial
Closing
Jun 24, 2020
About this deal
AI
The transaction involved the acquisition of a 309,455 SF Industrial property located at 400 Maple Street in Commerce. The property was financed through a $4.5 million bridge loan provided by BEB Lending.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 400 Maple Street
- Market: Commerce
The bridge loan was structured by BEB Lending's representatives, Lee Brodsky, Keyvan Ghaytanchi, and Sean Silverbrook. For more information about BEB Lending's lending platform, you can visit their website at https://lnkd.in/dPd9fW4 or contact Sean Silverbrook at [email protected].
Players
Commerce Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Keyvan Ghaytanchi to view all their deals.
Browse Texas industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93