R.L.P. Development Co. Inc. Secures $12.5M Loan For Five Property Retail Portfolio
FINANCED
$12,500,000
Illinois
See Similar DealsRetail110,000 SF
Financed 08/08/2022
FINANCED
R.L.P. Development Co. Inc. Secures $12.5M Loan For Five Property Retail Portfolio
Edwardsville, Illinois, United States
See Similar DealsRetail110,000 SF
Financed 08/08/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$113
Total Square Footage:110,000 SF
Transaction Type:Loan
Five Property Retail Portfolio, located in Edwardsville, Glen Carbon, and Highland, has recently undergone a closed transaction. This retail asset spans 110,000 square feet and is owned by R.L.P. Development Co. Inc.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $12,500,000
- Loan Terms: Fixed-rate loan with a 20-year term and a 20-year amortization schedule
- Broker: Jeff Chaney - Northmarq
Jeff Chaney from Northmarq represented the parties involved in the transaction. The loan amount secured for this property was $12,500,000, with a fixed-rate and a 20-year term, along with a 20-year amortization schedule.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,500,000.00
Monthly NOI$83,333.33
Monthly Debt Service$79,008.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions