Institutional Property Advisors Refinances Class A Office Property In Homewood, AL For $11.5M
200 Wildwood Parkway Homewood, Alabama 35209, USA
$11,500,000
Building Size
—
Asset Type
Office
Closing
Jul 20, 2023
About this deal
AI
Institutional Property Advisors (IPA) has successfully secured an $11.5 million refinancing for a Class A office property located at 200 Wildwood Parkway in Homewood, Alabama. The property is an office asset in a prime location within the Homewood market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,500,000
- Address: 200 Wildwood Parkway, Homewood, AL
- Market: Homewood, AL
Jordan Ray, Rachael Krawiecki, and James Matheny from Institutional Property Advisors (IPA) served as the brokers for this refinancing deal. They played a crucial role in securing the $11.5 million refinancing for the Class A office property at 200 Wildwood Parkway. The involvement of these talented brokers highlights the expertise and professionalism they bring to the table in the real estate industry.
On the Map
$11,500,000
Office
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Players
Ballwin Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93