R.L.P. Development Co. Inc. Secures $12.5M Loan For Five Property Retail Portfolio
Edwardsville, Illinois, United States
$12,500,000
$113/SF
Building Size
110,000 SF
Asset Type
Retail
Closing
Aug 7, 2022
AI
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
Edwardsville Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93