Updated Jan 17, 2025
$9.5 Million Refinance Loan Closed For Retail Center In Anaheim By Meridian Capital Group
5642 East La Palma Avenue
$9,500,000
$362/SF
Building Size
26,220 SF
Asset Type
Retail
Closing
Dec 10, 2024
About this deal
AI
The asset involved in this transaction is a retail property located at 5642 East La Palma Avenue in Anaheim Hills Village Center, Anaheim. The property encompasses a total square footage of 26,220 and is associated with a refinance loan amount of $9,500,000.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $9,500,000
- Loan Type: Refinance
- Loan Terms: 6.65% Fixed for 3 Years, 12 Months IO Followed by 30 Year Amortization, Flexible Prepayment Penalty, Non–Recourse
- Brokers: Morgan Ben-Moshe, David Oheb & Max Jacobson - Meridian Capital Group
- Date: 12/10/2024
This transaction was facilitated by brokers Morgan Ben-Moshe, David Oheb, and Max Jacobson from Meridian Capital Group. Notably, the financing was completed in 41 business days, demonstrating the efficiency of the brokerage in executing this deal.
Players
Anaheim 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93