Mid Florida Community Credit Union Provides $7.52M Refinance Loan For St. Cloud Retail Property
FINANCED
$7,525,000
Florida
See Similar DealsRetail1,100 SF
Financed 01/29/2025
FINANCED
Mid Florida Community Credit Union Provides $7.52M Refinance Loan For St. Cloud Retail Property
Retail1,100 SF
Financed 01/29/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$6,840
Total Square Footage:1,100 SF
Transaction Type:Loan
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:
- Property Type: Retail
- Transaction Amount: $7,525,000
- Lender: Mid Florida Community Credit Union
- Broker: Yoel Goldberg - Eastern Union
- Loan Type: Refinance
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,525,000.00
Monthly NOI$50,166.67
Monthly Debt Service$47,563.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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