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Mid Florida Community Credit Union Provides $7.52M Refinance Loan For St. Cloud Retail Property
FINANCEDRetail

Mid Florida Community Credit Union Provides $7.52M Refinance Loan For St. Cloud Retail Property

$7,525,000

$6,840/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Jan 29, 2025

AI

The asset involved in this transaction is a retail property with a total square footage of 30,554 located in the St. Cloud market. The refinance loan amount secured for this property is $7,525,000. This loan was facilitated by Mid Florida Community Credit Union.

Summary of transaction details:

Key individuals involved in the transaction include Yoel Goldberg, who represented the broker agency Eastern Union in facilitating this refinance deal. The transaction underscores the strategic financial decisions made by the stakeholders in the retail market segment.

Players

Yoel Goldberg

Eastern Union

Broker

$34.8M

vol

4 deals

Broker

Saint Cloud 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

2.11%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93