FINANCED
Deland, FL Retail Property Refinanced For $7M With 7-Year Term At 3.57%
328 New York Avenue
Retail
82,822 SF
82,822 SF
Financed 1 year ago
Summary
Loan
FLORIDA
Retail
82,822 sqft
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.
Players
Details
FINANCED
IMAGE: Sam Warnick, Brandon Harris, & David Michalski
DATE: 01/12/2022
ADDRESS: 328 New York Avenue
MARKET: Deland, FL
ASSET TYPE: Retail ~ SF: 82,822
BROKERS: Sam Warnick, Brandon Harris, & David Michalski - @BlackBearCapitalPartners
LOAN AMOUNT: $7,000,000
LOAN TYPE: Refinance
LOAN TERM: The 82K SF shopping center was refinanced on a 7-year term with a fixed rate of 3.57% and one year of interest only payments. The financing was provided by a balance sheet lender.View on map
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Address328 New York Avenue
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