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Credit Union Provides $4.5 Million Loan For Retail Property Acquisition In Sarasota

Property Image
FINANCED
$4,500,000

Florida

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Retail34,610 SF
Financed 03/31/2025
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Property Image
FINANCED

Credit Union Provides $4.5 Million Loan For Retail Property Acquisition In Sarasota

4141 South Tamiami Trail

See Similar Deals
Retail34,610 SF
Financed 03/31/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$130
Total Square Footage:34,610 SF
Transaction Type:Loan

The property asset involved in the transaction is a retail space located at 4141 South Tamiami Trail in Sarasota, covering a total square footage of 34,610 and comprising 22 units. The associated loan amount for this acquisition is $4,500,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,500,000
  • Loan Type: Acquisition
  • Loan Terms: 5 Years, 6.25% Fixed Rate, 25 Years Amortization, 0 PPP
  • Lender Type: Credit Union
  • Broker: Bryan Geffen & Noah Schulman - Meridian Capital Group

The deal was facilitated by Bryan Geffen, who serves as Vice President at Meridian Capital Group. He is located at 1 Battery Park Plaza, New York, New York. For inquiries about financing needs, potential clients can contact Bryan Geffen directly via phone at 646-502-3414 or through email at [email protected].

Players

Bryan Geffen
Meridian Capital Group
Bryan Geffen
20 deals$184.2M volume
BROKER

Details

FINANCED
IMAGE: Bryan Geffen & Noah Schulman DATE: 03/31/2025 ADDRESS: 4141 South Tamiami Trail MARKET: Sarasota ASSET TYPE: Retail ~ SF: 34,610 ~ UNITS: 22 BROKER: Bryan Geffen (@BGeff) & Noah Schulman - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $4,500,000 LOAN TYPE: Acquisition LOAN TERMS: 5 Years, 6.25% Fixed Rate, 25 Years Amortization, 0 PPP LENDER TYPE: Credit Union NOTE FROM BROKER: Results, Delivered! To see how Meridian can assist with your financing needs, contact Bryan Geffen Bryan Geffen Vice President Meridian Capital Group 1 Battery Park Plaza New York, New York 10004 T: 646-502-3414 E: [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,500,000.00

Monthly NOI$30,000.00
Monthly Debt Service$28,443.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00