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MDH Partners Secures $59.5M Refinance Loan From Capital One For Fort Worth And Olive Branch Industrial Properties

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FINANCED
$59,500,000
Maxx Carney
Christopher (Chris) Drew
Arun Singh

Texas

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Industrial1,116,052 SF
Financed 07/05/2023
the dealplayerscompscontact
Property Image
FINANCED

MDH Partners Secures $59.5M Refinance Loan From Capital One For Fort Worth And Olive Branch Industrial Properties

9450 Burleson Cardinal Rd Fort Worth, TX 76140, USA

See Similar Deals
Industrial1,116,052 SF
Financed 07/05/2023
Maxx Carney
Christopher (Chris) Drew
Arun Singh
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$53
Total Square Footage:1,116,052 SF
Transaction Type:Loan

MDH Partners has closed a $59.5 million loan from Capital One to support its acquisitions of the Fort Worth Logistics Hub and the Desoto Logistics Center. The loan amount of $59,500,000 will be used for refinancing. The properties, located at 9450 Burleson Cardinal Road in Fort Worth and 8150 Nail Road East in Olive Branch, Mississippi, have a combined square footage of 1,116,052.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $59,500,000
  • Market: Fort Worth; Olive Branch, Mississippi
  • Lender: Capital One
  • Loan Type: Refinance
  • Landlord: MDH Partners

The loan from Capital One was facilitated by Mary Lucy Lester and Courtney Murchison. The broker team from JLL, comprised of Chris Drew and Maxx Carney, represented the parties involved in the deal. With this loan, MDH Partners now has a portfolio of over 106 assets across 20 states, solidifying its position in the industrial real estate market.

Players

Christopher (Chris) Drew
JLL
Christopher Drew
48 deals$4.7B volume(305) 421-6551
BROKER
Maxx Carney
Bellwether Enterprise (BWE)
Maxx Carney
20 deals$987M volume(305) 786-6179
BROKER
Maxx Carney
Bellwether Enterprise (BWE)
Maxx Carney
20 deals$987M volume(305) 786-6179
BROKER
MDH Partners
MDH Partners
BROKERAGE
Capital One
Capital One
LENDER
Arun Singh
MDH Partners
Arun Singh
5 deals$402.4M volume
LANDLORD

Details

FINANCED
IMAGE: Chris Drew, Maxx Carney & Arun Singh DATE: 07/05/2023 ADDRESS: 9450 Burleson Cardinal Road & 8150 Nail Road East MARKET: Fort Worth; Olive Branch, Mississippi ASSET TYPE: Industrial ~ SF: 1,116,052 LENDER: Capital One (@CapitalOne) - Mary Lucy Lester & Courtney Murchison LANDLORD: MDH Partners - Arun Singh BROKERS: Chris Drew & Maxx Carney - JLL (@JLL) LOAN AMOUNT: $59,500,000 LOAN TYPE: Refinance NOTE: MDH Partners has closed a $59.5 million loan from Capital One to support its acquisitions of the Fort Worth Logistics Hub and the Desoto Logistics Center. The firm's portfolio now encompasses over 106 assets across 20 states.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$59,500,000.00

Monthly NOI$396,666.67
Monthly Debt Service$376,080.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00