BlackBear Capital Partners Arranges $16.5M Construction Loan For Industrial Development In Caledonia, WI
FINANCED
$16,500,000
Wisconsin
See Similar DealsIndustrial
Financed 07/06/2022
FINANCED
BlackBear Capital Partners Arranges $16.5M Construction Loan For Industrial Development In Caledonia, WI
Industrial
Financed 07/06/2022
Summary
WISCONSIN
Asset Type:Industrial
Transaction Type:Loan
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.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,500,000.00
Monthly NOI$110,000.00
Monthly Debt Service$104,291.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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