KKR Secures $200M Construction Loan For Industrial Developments In Atlanta, Dallas, Denver & Orlando
Dallas, Texas, United States
$200,000,000
Building Size
—
Asset Type
Industrial
Closing
Nov 5, 2022
AI
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
Dallas 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93