Robert Bhat Of Marcus & Millichap Arranges $8.7M Refinance For Shopping Centers In Atlanta
Georgia
See Similar DealsRobert Bhat Of Marcus & Millichap Arranges $8.7M Refinance For Shopping Centers In Atlanta
541 Forest Parkway, 526 Forest Parkway, 532 Forest Parkway, 526 Forest Parkway, 532 Forest Parkway, 5087 Dallas Highway & 3732 Cedarcrest Road
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The transaction involved four Class B shopping centers located at 541 Forest Parkway, 526 -532 Forest Parkway, 5087 Dallas Highway, and 3732 Cedarcrest Road, with a total square footage of 103,713. The asset is situated in the Forest Park, Tomahawk, Powder Springs, and Acworth markets in Georgia, with a total loan amount of $8,700,000 arranged for a cash-out refinance.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,700,000
- Address: 541 Forest Parkway, 526 -532 Forest Parkway, 5087 Dallas Highway & 3732 Cedarcrest Road
- Market: Forest Park, Tomahawk, Powder Springs & Acworth, GA
- Asset Size: 103,713 square feet
- Units: 8,700,000
- Loan Rate: 5.99%
- Amortization: 25 years
- Broker: Robert Bhat - Marcus & Millichap
Marcus & Millichap Capital Corporation was responsible for arranging the $8.7 million cash-out refinance, securing the financing with a national bank for a private client. Robert Bhat represented the client in this transaction.
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