Updated Oct 28, 2024
BlackBear Capital Partners Arranges $16.5M Construction Loan For Industrial Development In Caledonia, WI
$16,500,000
Building Size
—
Asset Type
Industrial
Closing
Jul 6, 2022
About this deal
AI
The construction of a speculative industrial warehouse development, spanning approximately 189k SF, in DeBack Farms Lot C, Caledonia, WI, was financed through a $16,500,000 construction loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,500,000
- Address: DeBack Farms Lot C, Caledonia, WI
- Market: Caledonia, WI
The loan, provided by an undisclosed lender, is a 3-year floating rate loan with interest-only payments for the entirety of the term. The financing was arranged by brokers Raymond Zanca and Scott Modelski, representing BlackBear Capital Partners, on behalf of the borrower.
On the Map
$16,500,000
Industrial
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Players
Mount Gilead Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93