Deutsche Bank Provides $20M Refinance Loan For Retail Property On Southlake Mall In Morrow, GA
1000 Southlake Mall, Morrow, GA 30260, USA
$20,000,000
$46/SF
Building Size
430,000 SF
Asset Type
Retail
Closing
Oct 25, 2021
AI
The transaction involved a retail property located at 1000 Southlake Mall in Morrow, GA. The property spans an area of 430,000 square feet and is owned by CityView Commercial and Jacobs Real Estate Advisors. The deal was finalized on October 25, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $20,000,000
- Lender: Deutsche Bank
- Borrower: Not specified
- Loan Type: Refinance
- Loan Terms: 10 year fixed rate non-recourse interest only
The loan amount for this transaction was $20,000,000. Deutsche Bank provided the financing for the refinance. Sholom Jacobs and Jordan Kaplowitz from Jacobs Real Estate Advisors acted as brokers in the deal on behalf of CityView Commercial and Jacobs Real Estate Advisors.
Players
Morrow 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93