Concord, North Carolina
$2,200,000 | Church Street Office
A First Deed of Trust secured by a three-story office building containing 52,411 square feet of net rentable area on 2.97 acres of land. The subject property is of masonry construction and was built in 1989. The subject is 92% leased to 15 tenants. The initial loan to value is 53.5% with a 1.47x debt cover.
12 year term and 12 year amortization
Originated by Mr. Robert C. Vaughn III
Grandbridge Real Estate Capital |
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Brooklyn Center, Minnesota
$2,700,000 | 50th Avenue Industrial
A First Deed of Trust secured by two single story warehouse buildings containing 121,675 square feet of net rentable area on 6.16 acres of land. The subject property is of concrete block construction and was built in 1965. The subject is 100% leased to 5 tenants. The initial loan to value is 71.7% with a 1.23x debt cover.
15 year term and 15 year amortization
Originated by Mr. Chris Perry
Grandbridge Real Estate Capital |
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Louisville, Kentucky
$4,850,000 | Trade Port Road Industrial
A First Deed of Trust secured by an industrial building totaling 150,000 square feet of net rentable area on 10.44 acres of land. The subject property is of concrete tilt-wall construction and was built in 2009. The subject is 100% owner-occupied. The initial loan to value is 73.5% with a 1.32x debt cover. 10 year term and 20 year amortization Originated by Mr. Trevor Schroeder
BlueMark Capital |
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Eagan, Minnesota
$3,450,000 | Eagan Office
A First Deed of Trust secured by a two-story office building totaling 40,856 square feet of net rentable area on 5.82 acres of land. The subject property is of brick construction and was built in 1999. The subject is 100% owner-occupied. The initial loan to value is 72.6% with a 1.16x debt cover.
15 year term and 15 year amortization. Originated by Mr. Mick Thorsland
Venture Mortgage Corporation |
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Dayton, Ohio
$800,000 | Dayton Supply Industrial
A First Deed of Trust secured by a 100% owner occupied office/warehouse building totaling 34,006 square feet of net rentable area on 2.4 acres of land. The subject property is of concrete and steel frame construction and was built in 1987, 1999, and 2003. The initial loan to value is 57.6% with a 1.33x debt cover.
12 year term and 12 year amortization Originated by Mr. Gary Wright
BlueMark Capital |
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Charleston, South Carolina
$4,400,000 | West Ashley Apartments
A real estate joint venture between Ameritas Life Insurance Corp. and Franklin Capital Group of Alexandria, Virginia consisting of two existing apartment complexes totaling 298 units on 11 acres of land. Charleston Arms Apartments is an existing complex consisting of 138 units in two buildings and Georgetown Apartments is an existing complex consisting of 160 units in five buildings. They are constructed of wood frame with brick veneer exteriors and were built in 1969 and 1965. |
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