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Bellwether Enterprise Secures $6M Refinance Loan For 70,000 SF Retail Center In West Palm Beach

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FINANCED
$6,000,000

Florida

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Retail70,000 SF
Financed 12/19/2023
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Property Image
FINANCED

Bellwether Enterprise Secures $6M Refinance Loan For 70,000 SF Retail Center In West Palm Beach

Retail70,000 SF
Financed 12/19/2023
the dealplayerscompscontact
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$85
Total Square Footage:70,000 SF
Transaction Type:Loan

Palm Beach Commons, a 70,000-square-foot retail center located at 1300 North Military Trail in West Palm Beach, has secured a $6 million loan for refinancing. The loan features full-term interest-only payments at a competitive interest rate.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,000,000
  • Lender: Bellwether Enterprise (BWE)
  • Lender's Representatives: Daniel Rosenberg & Logan Petersmeyer
  • Loan Type: Refinance
  • Loan Terms: 10-year loan with full-term interest-only payments

The loan for Palm Beach Commons was secured by Bellwether Enterprise (BWE), a national mortgage banking company. BWE's representatives, Daniel Rosenberg and Logan Petersmeyer, originated and facilitated the loan process for the retail center.

Players

BE
Bellwether Enterprise
BROKERAGE
Bellwether Enterprise
Bellwether Enterprise
LENDER
BE
Bellwether Enterprise
LENDER

Details

FINANCED
IMAGE: Daniel Rosenberg DATE: 12/19/2023 ADDRESS: 1300 North Military Trail MARKET: West Palm Beach ASSET TYPE: Retail ~ SF: 70,000 LENDER: Bellwether Enterprise (BWE) (@BWE_Bellwether) - Daniel Rosenberg & Logan Petersmeyer LOAN AMOUNT: $6,000,000 LOAN TYPE: Refinance LOAN TERMS: 10-year loan features full-term interest-only payments at a competitive interest rate NOTE: BWE, a national mortgage banking company, has secured a $6 million loan to refinance Palm Beach Commons, a 70,000-square-foot retail center in West Palm Beach. The loan, featuring full-term, interest-only payments, was originated by BWE's Daniel Rosenberg and Logan Petersmeyer.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,000,000.00

Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00