Ogden, UT

$980,000

Industrial

Refinance

01/10/2020
Transaction by
Newport Commercial Capital
Newport Commercial Capital funded the refinance of a 5 parcel, 2 commercial warehouse property for a borrower in Ogden, UT. The buildings are currently operating at a negative DSCR and Cap rate while the borrower rehabs one of the buildings. Upon completion of the rehab work, the property will operate at a 7% Cap and a 1.3 DSCR.