CaixaBank Provides €50M Refinance Loan For Retail Property On C. De Preciados In Madrid
FINANCED
$50,000,000
Community Of Madrid
See Similar DealsRetail
Financed 02/21/2022
FINANCED
CaixaBank Provides €50M Refinance Loan For Retail Property On C. De Preciados In Madrid
Calle Preciados 13, 28013 Madrid, Madrid, Spain
See Similar DealsRetail
Financed 02/21/2022
Summary
Asset Type:Retail
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$50,000,000.00
Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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