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Freeport Equity Secures $3M Acquisition Loan For Retail Property In Columbus, GA

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FINANCED
$3,000,000

Georgia

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Retail3,648 SF
Financed 12/13/2021
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Property Image
FINANCED

Freeport Equity Secures $3M Acquisition Loan For Retail Property In Columbus, GA

3498 Victory Drive, Columbus, Georgia 31903, United States

See Similar Deals
Retail3,648 SF
Financed 12/13/2021
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Summary

GEORGIA
Asset Type:Retail
Price Per Square Foot:$822
Total Square Footage:3,648 SF
Transaction Type:Loan

A retail property located at 3498 Victory Drive in Columbus, GA was recently involved in a closed transaction. The property spans 3,648 square feet and is owned by Freeport Equity.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $3,000,000
  • Loan Type: Acquisition
  • Loan Terms: 10-year fixed-rate loan with a 25-year amortization schedule

The transaction was facilitated by brokers Paula Mello and Matt Weilgus of Mag Mile Capital. They represented the parties involved in the deal, including Freeport Equity as the landlord.

It is worth noting that the loan obtained for this acquisition amounted to $3,000,000. The loan features a 10-year fixed-rate term and a 25-year amortization schedule.

Players

1 deal$3M volume
BROKER


Matt Weilgus
Mag Mile Capital
5 deals$246.8M volume
BROKER

LANDLORD

Details

FINANCED
IMAGE: Matt Weilgus & Paula Mello DATE: 12/13/2021 ADDRESS: 3498 Victory Drive MARKET: Columbus, GA ASSET TYPE: Retail ~ SF: 3,648 LANDLORD: Freeport Equity BROKERS: Paula Mello & Matt Weilgus - Mag Mile Capital LOAN AMOUNT: $3,000,000 LOAN TYPE: Acquisition LOAN TERMS: 10-year, fixed-rate loan, features a 25-year amortization schedule

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,000,000.00

Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00