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Metropolis Capital Advisors Secures $11 Million Refinance Loan For 85000 SF Retail In Lake Worth

Property Image
FINANCED
$11,000,000
Benjamin (Ben) Stein
Eric Hynek

Florida

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Retail85,000 SF
Financed 10/09/2024
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Property Image
FINANCED

Metropolis Capital Advisors Secures $11 Million Refinance Loan For 85000 SF Retail In Lake Worth

Retail85,000 SF
Financed 10/09/2024
Benjamin (Ben) Stein
Eric Hynek
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$129
Total Square Footage:85,000 SF
Transaction Type:Loan

The asset involved in this transaction is a retail property located in Lake Worth, with a square footage of 85,000. The refinancing loan amount secured for this property was $11,000,000.

Summary of transaction details:

Ben Stein and Eric Hynek from Metropolis Capital Advisors structured the financing for this transaction, showcasing their expertise with over 30 years of experience in representing clients throughout the capital stack and across various asset types. The Met Cap team secured an open Pre-Pay option at an aggressive rate, without requiring deposits to the lender in this transaction.

Players

Benjamin (Ben) Stein
Metropolis Capital Advisors
Benjamin Stein
3 deals$25.6M volume(917) 442-9116
BROKER
Eric Hynek
Metropolis Capital Advisors
Eric Hynek
1 deal$11M volume(240) 743-4178
BROKER

Details

FINANCED
IMAGE: Eric Hynek & Ben Stein DATE: 10/09/2024 MARKET: Lake Worth ASSET TYPE: Retail ~ SF: 85,000 BROKERS: Ben Stein (@BenStein) & Eric Hynek - Metropolis Capital Advisors (@MetCapAdvisors) LOAN AMOUNT: $11,000,000 LOAN TYPE: Refinance NOTE FROM BROKER: Metropolis Capital Advisors structured finance team has over 30 years of successfully representing our clients throughout the entire capital stack and across all asset types. The client in this transaction needed flexibility. The Met Cap team was able to secure an open Pre-Pay at an aggressive rate. Deposits to the lender weren't required in the transaction. If you're looking for any type of financing; Acquisition, Refinancing, Mezzanine Debt, Construction Loan, Preferred Equity etc. we have strong industry relationships to help you navigate the current environment. We look forward to partnering with you. Phone: 917.442.9116 Email: [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,000,000.00

Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00