Merchants Bank Provides $13M Construction Loan For Industrial Warehouse In Madison, WI
FINANCED
$13,017,000
Texas
See Similar DealsIndustrial133,000 SF
Financed 12/15/2022
FINANCED
Merchants Bank Provides $13M Construction Loan For Industrial Warehouse In Madison, WI
5525 Tradesman Drive
See Similar DealsIndustrial133,000 SF
Financed 12/15/2022
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$97
Total Square Footage:133,000 SF
Transaction Type:Loan
The development of an industrial warehouse located at 5525 Tradesman Drive in Madison, WI has been financed through a construction loan. The warehouse spans over 133,000 square feet and was funded by Merchants Bank. Likewise Partners acted as the landlord for this transaction.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $13,017,000
- Address: 5525 Tradesman Drive, Madison, WI
- Market: Madison, WI
- Loan Amount: $13,017,000
- Loan Type: Construction
The loan for the development of this industrial warehouse was provided by Merchants Bank. It is a 10-year fixed-rate loan with 36 months of interest-only payments. The brokers involved in this deal were Scott Modelski and Raymond Zanca from Black Bear Capital Partners.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,017,000.00
Monthly NOI$86,780.00
Monthly Debt Service$82,276.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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