Freeport Equity Secures $3M Acquisition Loan For Retail Property In Columbus, GA
FINANCED
$3,000,000
Georgia
See Similar DealsRetail3,648 SF
Financed 12/13/2021
FINANCED
Freeport Equity Secures $3M Acquisition Loan For Retail Property In Columbus, GA
3498 Victory Drive, Columbus, Georgia 31903, United States
See Similar DealsRetail3,648 SF
Financed 12/13/2021
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
LANDLORD
Details
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Deal Type
30 years
10 years
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
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