$7.12 Billion Construction Loan Secured By Jamie Dimon For Industrial Asset In Abilene, TX
5502 Spinks Road
$7,120,000,000
$1,780/SF
Building Size
4,000,000 SF
Asset Type
Industrial
Closing
May 21, 2025
AI
The property asset involved in the transaction is an industrial asset located at 5502 Spinks Road, Abilene, TX, encompassing a total square footage of 4,000,000. The loan amount for this construction deal is $7,120,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,120,000,000
- Address: 5502 Spinks Road
- Market: Abilene, TX
- Lender: Jamie Dimon - JP Morgan
- Landlord: Marc Zahr, Doug Ostrover & Marc Lipschultz - Blue Owl Capital; Chase Lochmiller - Crusoe Energy Systems; Bill Stein - Primary Digital Infrastructure
- Landlord's Representative: Jordan Roeschlaub, Benjamin Kroll, Brent Mayo & Andrew Warin & Nick Scribani - Newmark
- Loan Type: Construction
The deal involves several key individuals and organizations. The landlords of the property are Marc Zahr, Doug Ostrover, Marc Lipschultz from Blue Owl Capital, Chase Lochmiller from Crusoe Energy Systems, and Bill Stein from Primary Digital Infrastructure. The landlord's representatives during this transaction are Jordan Roeschlaub, Benjamin Kroll, Brent Mayo, Andrew Warin, and Nick Scribani, all affiliated with Newmark.
Players
Abilene Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.00%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93