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:
- 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.
Players
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