Meridian Capital Group Arranges $20M Loan Refinance For Retail Property In Canyon Country
19120 Soledad Canyon Road, Canyon Country, California 91351, United States
$20,000,000
$116/SF
Building Size
171,422 SF
Asset Type
Retail
Closing
Jun 23, 2022
AI
A retail property located at 19120-19266 Soledad Canyon Road in Canyon Country has been subject to a loan transaction. The property spans approximately 171,422 square feet in size.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $20,000,000
- Loan Type: Refinance
- Loan Terms: 3.95%, 3 years fixed, full term interest only
The loan for the property at 19120-19266 Soledad Canyon Road was brokered by Seth Grossman, Steve Edelstein, and John Bianco from Meridian Capital Group. The loan amount obtained was $20,000,000, and it was a refinancing arrangement. The loan terms include a fixed interest rate of 3.95% for a period of 3 years, with full term interest only payments.
Players
Santa Clarita Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93