FINANCED
Mesa West Capital Provides $34M Loan For Acquisition Of Industrial Complex In Richmond, VA
3001 Commerce Road & 2301 Commerce Road
Industrial
643,292 SF
643,292 SF
Financed 183 days ago
Summary
Loan
VIRGINIA
Industrial
643,292 sqft
An affiliate of the Matan Companies has acquired Deepwater Industrial Park, a recently constructed 321,646-square-foot distribution and warehouse complex located at 3001 and 2301 Commerce Road in Richmond, VA. The property, which falls under the industrial asset type, was purchased for an undisclosed amount.
Summary of transaction details
- Property Type: Industrial
- Square Footage: 321,646
- Address: 3001 Commerce Road & 2301 Commerce Road, Richmond, VA
- Market: Richmond, VA
Mesa West Capital, represented by Matthew Snyder, provided a short-term first mortgage loan of $34 million to the Matan Companies' affiliate for the acquisition of Deepwater Industrial Park. The five-year non-recourse financing terms ensure the deal's security and mitigate the risk for the borrower.
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Matthew Snyder & Drake Greer
DATE: 11/01/2023
ADDRESS: 3001 Commerce Road & 2301 Commerce Road
MARKET: Richmond, VA
ASSET TYPE: Industrial ~ SF: 321,646
LENDER: Matthew Snyder - Mesa West Capital
LANDLORD: Affiliate of the Matan Companies
BROKER: Drake Greer - JLL
LOAN AMOUNT: $34,000,000
LOAN TYPE: Acquisition
LOAN TERMS: five-year, non-recourse financing
NOTE: Mesa West Capital has provided $34 million in short-term first mortgage debt to an affiliate of the Matan Companies for the acquisition of Deepwater Industrial Park, a recently constructed 321,646-square-foot distribution and warehouse complex in Richmond, VA.View on map
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Address3001 Commerce Road & 2301 Commerce Road
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