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1000 Southlake Mall, Morrow...

Deutsche Bank Provides $20M Refinance Loan For Retail Property On Southlake Mall In Morrow, GA
FINANCEDRetail

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

Sholom Jacobs

Broker

$34.7M

vol

7 deals

Broker
Deutsche Bank
Deutsche BankLender

Morrow Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

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