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Berkadia Secures $16.1 Million Refinance For KC Partners Biomanufacturing Facility In Houston

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FINANCED
$16,100,000
Sabrina Solomiany
Mike Cerny
Patrick Abeln

Texas

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Industrial48,440 SF
Financed 12/10/2024
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FINANCED

Berkadia Secures $16.1 Million Refinance For KC Partners Biomanufacturing Facility In Houston

4551 Kennedy Commerce Drive

See Similar Deals
Industrial48,440 SF
Financed 12/10/2024
Sabrina Solomiany
Mike Cerny
Patrick Abeln
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$332
Total Square Footage:48,440 SF
Transaction Type:Loan

The asset involved in the transaction is a 48,440-square-foot biomanufacturing facility located at 4551 Kennedy Commerce Drive in Houston. The property is fully leased to CellReady and is managed by KC Partners.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $16,100,000
  • Loan Type: Refinance
  • Loan Terms: Five-year loan with a fixed interest rate of 6.7%, 30-year amortization schedule, and 65% loan-to-value ratio
  • Landlord: KC Partners
  • Market: Houston
  • Brokers: Mike Cerny, Patrick Abeln & Sabrina Solomiany - Berkadia

Berkadia secured the refinancing for the property on behalf of KC Partners, facilitating the deal through their team of brokers, which includes Mike Cerny, Patrick Abeln, and Sabrina Solomiany.

Players

Sabrina Solomiany
Berkadia
Sabrina Solomiany
9 deals$212.8M volume(404) 536-5054
BROKER
Mike Cerny
Berkadia
Mike Cerny
2 deals$36.8M volume(904) 296-7565
BROKER
Patrick Abeln
Berkadia
Patrick Abeln
1 deal$16.1M volume(312) 845-8573
BROKER

Details

FINANCED
IMAGE: Mike Cerny, Patrick Abeln & Sabrina Solomiany DATE: 12/10/2024 ADDRESS: 4551 Kennedy Commerce Drive MARKET: Houston ASSET TYPE: Industrial ~ SF: 48,440 LANDLORD: KC Partners BROKERS: Mike Cerny, Patrick Abeln & Sabrina Solomiany - Berkadia (@Berkadia) LOAN AMOUNT: $16,100,000 LOAN TYPE: Refinance LOAN TERMS: five-year loan featured a fixed 6.7% interest rate, 30-year amortization schedule and 65% loan-to-value ratio NOTE: Berkadia secured $16.1 million in refinancing for a 48,440-square-foot biomanufacturing facility in Houston on behalf of KC Partners. The five-year loan features a 6.7% fixed interest rate, 30-year amortization, and 65% loan-to-value ratio, with the property fully leased to CellReady.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,100,000.00

Monthly NOI$107,333.33
Monthly Debt Service$101,762.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00