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KKR Secures $200M Construction Loan For Industrial Developments In Atlanta, Dallas, Denver & Orlando

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FINANCED
$200,000,000

Texas

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Industrial
Financed 11/05/2022
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FINANCED

KKR Secures $200M Construction Loan For Industrial Developments In Atlanta, Dallas, Denver & Orlando

Dallas, Texas, United States

See Similar Deals
Industrial
Financed 11/05/2022
Contact now

Summary

TEXAS
Asset Type:Industrial
Transaction Type:Loan

Industrial Developments in Atlanta, Dallas, Denver, and Orlando have secured a $200,000,000 construction loan. The loan will support the development and construction of the industrial properties in these markets. No additional details were provided about the specific properties or the terms of the loan.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $200,000,000
  • Lender: Square Mile Capital - Eric Cohen & BMO Harris Bank - Catherine Sierakowski
  • Landlord: KKR - Ben Brudney

Eric Cohen from Square Mile Capital and Catherine Sierakowski from BMO Harris Bank are the lenders providing the construction loan for these industrial developments. The landlord, KKR, represented by Ben Brudney, is overseeing the project. Further details about the individuals involved or the specific roles they play were not provided.

Players

LENDER

4 deals$764M volume
LANDLORD

Details

FINANCED
IMAGE: Ben Brudney DATE: 05/11/2022 ADDRESS: Industrial Developments MARKET: Atlanta, Dallas, Denver & Orlando ASSET TYPE: Industrial LENDER: Square Mile Capital - Eric Cohen & BMO Harris Bank - Catherine Sierakowski LANDLORD: KKR - Ben Brudney LOAN AMOUNT: $200,000,000 LOAN TYPE: Construction Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$200,000,000.00

Monthly NOI$1,333,333.33
Monthly Debt Service$1,264,136.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00