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MDH Partners Secures $90M Loan From Wells Fargo For Acquisitions In Houston And White, Georgia

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FINANCED
$90,000,000

Texas

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Industrial1,576,607 SF
Financed 06/20/2023
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FINANCED

MDH Partners Secures $90M Loan From Wells Fargo For Acquisitions In Houston And White, Georgia

4902 S Belt Central Dr, Houston, Tx, 77048

See Similar Deals
Industrial1,576,607 SF
Financed 06/20/2023
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$57
Total Square Footage:1,576,607 SF
Transaction Type:Loan

Atlanta's MDH Partners has received $90 million in financing from Wells Fargo Bank to support its recent acquisitions, including the South Belt Central Building 4 and the Great Valley Commerce Center. The funding is part of MDH's Fund II, which aims to generate $2 billion in acquisition power.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $90,000,000
  • Property Size: 1,576,607 SF
  • Address: 4902 South Belt Central Drive & 200 Logistics Parkway Northeast
  • Markets: Houston & White, Georgia

The loan, amounting to $90 million, was provided by Wells Fargo to assist Atlanta's MDH Partners in its recent acquisitions. The South Belt Central Building 4 and the Great Valley Commerce Center properties are part of MDH's Fund II, which aims to generate $2 billion in acquisition power. The transaction was facilitated by brokers Chris Drew and Maxx Carney of JLL, representing MDH Partners.

Players

Christopher (Chris) Drew
48 deals$4.7B volume(305) 421-6551
BROKER

Maxx Carney
Bellwether Enterprise (BWE)
20 deals$987M volume(305) 786-6179
BROKER

Maxx Carney
Bellwether Enterprise (BWE)
20 deals$987M volume(305) 786-6179
BROKER

MDH Partners
BROKERAGE


MDH Partners
LANDLORD

Details

FINANCED
IMAGE: Chris Drew & Maxx Carney DATE: 06/20/2023 ADDRESS: 4902 South Belt Central Drive & 200 Logistics Parkway Northeast MARKET: Houston & White, Georgia ASSET TYPE: Industrial ~ SF: 1,576,607 LENDER: Wells Fargo LANDLORD: MDH Partners BROKERS: Chris Drew & Maxx Carney - JLL LOAN AMOUNT: $90,000,000 LOAN TYPE: Acquisition NOTE: Atlanta's MDH Partners has received $90 million in financing from Wells Fargo Bank to support its recent acquisitions, including the South Belt Central Building 4 and the Great Valley Commerce Center. The funding is part of MDH's Fund II, which aims to generate $2 billion in acquisition power.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$90,000,000.00

Monthly NOI$600,000.00
Monthly Debt Service$568,861.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00