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

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].