Meridian Capital Group Secures $5.98M Refinance Loan For Retail Property In Brooksville, FL
31162 Cortez Boulevard
$5,980,000
$68/SF
Building Size
86,870 SF
Asset Type
Retail
Closing
Aug 11, 2022
About this deal
AI
The retail property located at 31162 Cortez Blvd in Brooksville, FL has recently undergone a loan refinance transaction. The property spans 86,870 square feet and is situated in the market of Brooksville, FL.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,980,000
- Loan Type: Refinance
- Loan Terms: 10-year term, 4.79% interest rate
Meridian Capital Group represented both parties involved in the loan refinance deal. The brokers responsible for the transaction were Matt Buggenhagen and Jason Labriola. Through their efforts, this successful refinancing was achieved.
Players
Brooksville 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
2.65%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93