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Gantry Secures $30 Million Loan To Refinance Lee Johnson Family's Kirkland Automotive Dealership
FINANCED
$30,000,000
Washington
See Similar DealsCommercial100,000 SF
Financed 10/05/2023
FINANCED
Gantry Secures $30 Million Loan To Refinance Lee Johnson Family's Kirkland Automotive Dealership
11845 Northeast 85th Street
See Similar DealsCommercial100,000 SF
Financed 10/05/2023
Summary
WASHINGTON
Asset Type:Commercial
Price Per Square Foot:$300
Total Square Footage:100,000 SF
Transaction Type:Loan
The Lee Johnson Family has successfully refinanced their landmark automotive dealership property located at 11845 Northeast 85th Street in Kirkland, Washington. The commercial property spans 100,000 square feet and is situated in the thriving Kirkland market.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $30,000,000
- Loan Type: Refinance
- Loan Terms: Fixed-rate & 30-year amortization
Gantry, represented by brokers Demetri Koston and Mike Taylor, played a crucial role in securing the $30 million permanent loan for the Lee Johnson Family. This successful refinancing will provide the family with long-term financial stability for their automotive dealership property in Kirkland, Washington.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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