Commercial Mortgage - Recent Deals blank

commercial mortgage - recent deals

Photo of Gibralter Pointe Apartments

Gibraltar Pointe Apartments / Detroit, Michigan / $1,800,000

A first mortgage secured by 11 two-story apartment buildings totaling 81 units on 6.0 acres of land. The improvements were built in 1971 of wood frame and brick veneer construction. The subject is 95% leased. The initial loan to value is 55% with a 1.60x debt coverage ratio.

10 year term and 25 year amortization
Originated by: Mr. Dennis Bernard / Bernard Financial Group

Photo of Sierra Pacific Orthopedic

Sierra Pacific Orthopedic MOB / Fresno, California / $9,900,000

A first deed of trust secured by a two-story medical office building containing 38,919 square feet of net rentable area on 4.29 acres of land. The improvements were built in 2018 of steel frame, block and stucco construction. The subject is 100% leased to an owner-related tenant. The initial loan to value is 66% with a 1.60x debt coverage ratio.

15 year term and 25 year amortization
Originated by: Mr. Alan Rurik / Capitalize

Photo of Watermark 8 Office Building

Watermark 8 Office Building / Tampa, Florida / $2,550,000

A first mortgage secured by a two-story, multi-tenant office building containing 27,565 square feet of net rentable area on 1.70 acres of land. The improvements were built in 1968 of concrete block and stucco construction and were renovated in 2004. The subject is 100% leased to six tenants. The initial loan to value is 66% with a 1.33x debt coverage ratio.

20 year term and 20 year amortization
Originated by Mr. Brad Cox / Thomas D. Wood & Comp

Photo of Webco Manufacturing

Webco Manufacturing / Olathe, Kansas / $8,000,000

A first mortgage secured by a single-story office/warehouse building containing 200,000 square feet of net rentable area on 25.84 acres of land. The improvements were built in 2012 of concrete tilt-up construction with a flat membrane roof. The subject is 100% leased and owner occupied. The initial loan to value is 52% with a 1.34x debt coverage ratio.

15 year term and 20 year amortization
Originated by Mr. Frank Sciara / Grandbridge Real Estate Capital

 

Commercial Mortgage - Recent Deals
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