Marcus & Millichap Capital Corp Arranges $5.8M Loan For Hedgesville And Falling Waters WV Self Storage Facility
FINANCED
$5,800,000
West Virginia
See Similar DealsFinanced 06/13/2022
FINANCED
Marcus & Millichap Capital Corp Arranges $5.8M Loan For Hedgesville And Falling Waters WV Self Storage Facility
73 Roaring Lion Drive, Hedgesville, West Virginia 25427, United States
See Similar DealsFinanced 06/13/2022
Summary
WEST VIRGINIA
Transaction Type:Loan
A $5,800,000 loan has been secured for the self-storage properties located at 73 Roaring Lion Dr, 21 Crawford Quarry Rd, 1820 Broad Ln, and 9724 Williamsport Pike in Hedgesville and Falling Waters WV. This 10-year loan was obtained on behalf of the borrower.
Summary of transaction details
- Property Type: Self Storage
- Loan Amount: $5,800,000
- Loan Terms: 10-year loan on behalf of the borrower
- Market: Hedgesville & Falling Waters WV
- Broker: Jared Cassidy - Marcus & Millichap Capital Corp
Jared Cassidy of Marcus & Millichap Capital Corp acted as the broker in this transaction. Their expertise and representation were instrumental in securing the loan for the self-storage properties.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,800,000.00
Monthly NOI$38,666.67
Monthly Debt Service$36,659.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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