Meridian Capital Group Arranges $40M Refinance Loan For Development Site In Atlanta, GA
FINANCED
$40,000,000
+ 2
Georgia
See Similar DealsDevelopment Site
Financed 08/15/2022
FINANCED
Meridian Capital Group Arranges $40M Refinance Loan For Development Site In Atlanta, GA
98 14th Street Northeast
See Similar DealsDevelopment Site
Financed 08/15/2022
+ 2
Summary
GEORGIA
Asset Type:Development Site
Transaction Type:Loan
A development site located at 98 14th Street NE in Atlanta, GA has recently undergone a loan refinance transaction. The property spans approximately 4 acres and is owned by an undisclosed landlord. The loan amount for this refinance was $40,000,000.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $40,000,000
- Lender: Benmark Capital – Mark Simon & Joe Moser
- Landlord's Rep: Brian Itzkowitz
- Broker: Isaac Filler, Yossi Koschitzki & Elliot Levy - Meridian Capital Group
The lender for this transaction was Benmark Capital, with Mark Simon and Joe Moser representing the company. Brian Itzkowitz served as the landlord's representative. The brokerage services were provided by Isaac Filler, Yossi Koschitzki, and Elliot Levy from Meridian Capital Group.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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