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Dhanani Private Equity Group Secures $59.2M Loan For Stafford Retail Property

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FINANCED
$59,200,000

Texas

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Retail572,000 SF
Financed 12/14/2021
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Property Image
FINANCED

Dhanani Private Equity Group Secures $59.2M Loan For Stafford Retail Property

12520 Fountain Lake Circle, Stafford, TX 77477

See Similar Deals
Retail572,000 SF
Financed 12/14/2021
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$103
Total Square Footage:572,000 SF
Transaction Type:Loan

The property involved in this closed transaction is a retail asset located at 12520 Fountain Lake Circle in Stafford. The property spans approximately 572,000 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $59,200,000
  • Date: 12/14/2021
  • Market: Stafford

The lender in this transaction is Argentic Real Estate Finance. The landlord is Dhanani Private Equity Group, represented by Nick Dhanani. The loan amount for this transaction is $59,200,000. The loan terms are a 10-year term, with partial interest-only payments.

Details

FINANCED
IMAGE: Nick Dhanani DATE: 12/14/2021 ADDRESS: 12520 Fountain Lake Circle MARKET: Stafford ASSET TYPE: Retail ~ SF: 572,000 LENDER: Argentic Real Estate Finance LANDLORD: Dhanani Private Equity Group - Nick Dhanani LOAN AMOUNT: $59,200,000 LOAN TERMS: 10-year, partial interest-only

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$59,200,000.00

Monthly NOI$394,666.67
Monthly Debt Service$374,184.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00