Deland, FL Retail Property Refinanced For $7M With 7-Year Term At 3.57%

A retail property located at 328 New York Avenue in Deland, FL has undergone a refinancing transaction. The property spans an area of 82,822 square feet.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,000,000
• Address: 328 New York Avenue
• Market: Deland, FL

The transaction was facilitated by the brokers from BlackBearCapitalPartners, namely Sam Warnick, Brandon Harris, and David Michalski.

The refinance loan obtained for the 82,822 square foot retail property amounts to $7,000,000. It is a 7-year term loan with a fixed interest rate of 3.57%. The loan includes one year of interest-only payments. The financing for this transaction was provided by a balance sheet lender.