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Calle Preciados 13, 28013 M...

CaixaBank Provides €50M Refinance Loan For Retail Property On C. De Preciados In Madrid
FINANCEDRetail

CaixaBank Provides €50M Refinance Loan For Retail Property On C. De Preciados In Madrid

Calle Preciados 13, 28013 Madrid, Madrid, Spain

$50,000,000

Building Size

Asset Type

Retail

Closing

Feb 20, 2022

AI

The retail property located at C. de Preciados, 13, 28013 in Madrid, Spain, has undergone a refinancing transaction. The borrower, Bayerische Versorgungskammer, secured a loan amount of €50,000,000 from the lender, caixabank''>CaixaBank. This closed transaction took place on 21/02/2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: €50,000,000
  • Address: C. de Preciados, 13, 28013, Madrid, Spain
  • Market: Madrid, Spain
  • Lender: CaixaBank
  • Landlord: Bayerische Versorgungskammer
  • Broker: Vanessa Gelado - Hines
  • Date: 21/02/2022

Vanessa Gelado from Hines acted as the broker in this refinancing deal. The loan obtained by Bayerische Versorgungskammer from CaixaBank will provide financial stability for the retail property located at C. de Preciados, 13, 28013 in Madrid, Spain.

Players

Vanessa Gelado

Broker

$50M

vol

1 deal

Broker
CaixaBank
CaixaBankLender

Madrid Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93