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
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.
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