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Medici Development Partners, LLC Secures Loan For Southlake Office Property With Happy State Bank & Trust

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FINANCED

Texas

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Office67,570 SF
Financed 05/27/20
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FINANCED

Medici Development Partners, LLC Secures Loan For Southlake Office Property With Happy State Bank & Trust

2102 TX-114, Southlake, TX 76092, USA

See Similar Deals
Office67,570 SF
Financed 05/27/20
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:67,570 SF
Transaction Type:Loan

Medici Development Partners, LLC has secured a loan for an office property located at 2102 East State Highway 114 in Southlake. The transaction took place on May 28, 2020. The property, situated in the Southlake market, is characterized by its office space usage.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 2102 East State Highway 114
  • Market: Southlake

JLL Capital Markets, represented by De’On Collins and Steve Heldenfels, acted as the broker for the deal. Happy State Bank & Trust, led by J. Pat Hickman, served as the lender for the transaction. Medici Development Partners, LLC, with Jeffrey Medici as the representative, acted as the borrower.

Players

DeOn Collins
DeOn Collins
3 deals$202.9M volume
BROKER
Happy State Bank
Happy State Bank
LENDER

Details

FINANCED
IMAGE: Jeffrey Medici, J. Pat Hickman, De’On Collins, & Steve Heldenfels⁠ DATE: 05/28/20⁠20 ADDRESS: 2102 East State Highway 114⁠ MARKET: Southlake⁠ ASSET TYPE: Office⁠ BORROWER: Medici Development Partners, LLC – Jeffrey Medici⁠ LENDER: Happy State Bank & Trust – J. Pat Hickman⁠ BROKER: JLL Capital Markets – De’On Collins & Steve Heldenfels⁠

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Debt Service Coverage Ratio (DSCR)

0.00x

Max Loan Amount

$0.00

Monthly NOI$0.00
Monthly Debt Service$0.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00