Deutsche Bank Provides $20M Refinance Loan For Retail Property On Southlake Mall In Morrow, GA
FINANCED
$20,000,000
Georgia
See Similar DealsRetail430,000 SF
Financed 10/25/2021
FINANCED
Deutsche Bank Provides $20M Refinance Loan For Retail Property On Southlake Mall In Morrow, GA
1000 Southlake Mall, Morrow, GA 30260, USA
See Similar DealsRetail430,000 SF
Financed 10/25/2021
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$46
Total Square Footage:430,000 SF
Transaction Type:Loan
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
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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