EastWest Bank Provides $21.5 Million Bridge Loan For Industrial Property At 5001 East Ben White Boulevard
FINANCED
$21
Texas
See Similar DealsIndustrial125,000 SF
Financed 01/09/2025
FINANCED
EastWest Bank Provides $21.5 Million Bridge Loan For Industrial Property At 5001 East Ben White Boulevard
5001 East Ben White Boulevard
See Similar DealsIndustrial125,000 SF
Financed 01/09/2025
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:125,000 SF
Transaction Type:Loan
This transaction involves an industrial asset located at 5001 East Ben White Boulevard in the Austin market. The total square footage of the property is 125,000. A bridge loan was secured for a total amount of $21,500,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $21,500,000
- Address: 5001 East Ben White Boulevard
- Market: Austin
- Lender: EastWest Bank
- Landlord: Christopher Cortese & Jesse Weber - PlaceMKR
- Broker: Zachary Streit - Priority Capital Advisory
- Loan Type: Bridge
- Loan Terms: N/a
The key individuals involved in this transaction include the landlords, Christopher Cortese and Jesse Weber who represent PlaceMKR, and the broker Zachary Streit from Priority Capital Advisory, who facilitated the loan arrangement with EastWest Bank.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.03x
Max Loan Amount
$21.50
Monthly NOI$0.14
Monthly Debt Service$0.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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