57.62 Acres of Land | Senior Debt & JV Equity
State: Southwest Region
Lender type: Fund
Property type: Land
Transaction type: Acquisition
Senior Debt: $3,762,000
JV Equity: $2,730,238
TRANSACTION DESCRIPTION
Cornelius Baliukonis, W. Antonio Hachem & Wendy Wang recently closed Senior Acquisition Debt and JV Equity for 57.62 acres of vacant and unentitled land located in the Southwest region. The team's valued client will entitle this land for future industrial development. Combined with Debt & Equity, the Sponsor only had to cover about 22% of the Acquisition Cost out of pocket.
