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Accretion Capital Secures $14.6 Million Refinance Loan For Retail Asset In Titusville

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FINANCED
$14,600,000

Florida

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Retail80,000 SF
Financed 05/19/2025
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FINANCED

Accretion Capital Secures $14.6 Million Refinance Loan For Retail Asset In Titusville

3065 Columbia Boulevard

See Similar Deals
Retail80,000 SF
Financed 05/19/2025
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$182
Total Square Footage:80,000 SF
Transaction Type:Loan

This retail property, located at 3065 Columbia Boulevard in the Titusville market, encompasses a total square footage of 85,000. It was financed through a refinance loan amounting to $14,600,000 with Accretion Capital as the landlord. The tenant of this property is associated with marijuana use.

Summary of transaction details:

Benjamin Stein played a crucial role in this closing, representing Metropolis Capital Advisors. The transaction was expedited due to a close relationship with the lender, who modified internal policies to facilitate the process. Timely action was essential as the team was working against a looming maturity deadline.

Players

Benjamin (Ben) Stein
3 deals$25.6M volume(917) 442-9116
BROKER

Details

FINANCED
IMAGE: Benjamin Stein DATE: 05/19/2025 ADDRESS: 3065 Columbia Boulevard MARKET: Titusville ASSET TYPE: Retail ~ SF: 85,000 LANDLORD: Accretion Capital BROKER: Benjamin Stein (@BenStein) - Metropolis Capital Advisors (@MetCapAdvisors) LOAN AMOUNT: $14,600,000 LOAN TYPE: Refinance NOTE: BH We are very excited to announce another closing from our Florida office. This transaction had a Marijuana use as a Tenant, and if not for our very close relationship with the Lender we wouldn't have gotten it through. The Lender ended up changing policy specifically for us internally. We were up against the clock on the maturity and we were able to move quickly to close for our client. Thank you to our clients for trusting us, our lenders for working with us, and the attorneys who push it to the closing table. Please don't hesitate to reach out: Ben Stein 917.442.9116 [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,600,000.00

Monthly NOI$97,333.33
Monthly Debt Service$92,281.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00