Meridian Capital Group Arranges $3.1M Purchase Loan For Retail Property In Royal Palm Beach
11453 Southern Boulevard
$3,100,000
Building Size
—
Asset Type
Retail
Closing
Dec 19, 2023
AI
The retail property located at 11453 Southern Boulevard in Royal Palm Beach has been involved in a recent closed transaction. The loan for this property was secured through Meridian Capital Group, with Matt Buggenhagen, Jason Labriola, and Anthony Colicino representing the company.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,100,000
- Loan Type: Purchase
- Loan Terms: 3-year term, 30-year amortization, 1 year Interest Only
In addition to facilitating the loan, Meridian Capital Group played a crucial role in this transaction. Matt Buggenhagen, Jason Labriola, and Anthony Colicino acted as brokers representing the buyer and seller. They provided their expertise and helped navigate the process, ensuring a successful closing.
Players
Royal Palm Beach 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93