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Scannell Properties Receives $23.1M Bridge Loan From Basis Investment Group For Industrial Property In Provo
FINANCED
$23,100,000
Industrial
Financed 01/21/2026
FINANCED
Scannell Properties Receives $23.1M Bridge Loan From Basis Investment Group For Industrial Property In Provo
3752 Sierra Vista Way
See Similar DealsIndustrial
Financed 01/21/2026
Summary
UTAH
Asset Type:Industrial
Transaction Type:Loan
The asset involved is a 158,765-square-foot industrial property located at 3752 Sierra Vista Way in Provo, UT. The property was refinanced with a bridge loan amounting to $23,100,000, facilitated by Basis Investment Group. It has direct access to key transportation routes including I-15, US-189, SR-114, and Lakeview Parkway.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $23,100,000
- Lender: Tammy K. Jones - Basis Investment Group
- Landlord: Robert “Bob” Scannell - Scannell Properties
- Loan Type: Bridge
- Market: Provo, UT
Tammy K. Jones represents Basis Investment Group in the provision of the bridge loan, while Robert “Bob” Scannell represents Scannell Properties as the landlord for the asset involved in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,100,000.00
Monthly NOI$154,000.00
Monthly Debt Service$146,007.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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