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
Madrid 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93