Mindy Bergman Of Meridian Capital Group Secures $3.6M Refinance For Retail Asset In New Castle
FINANCED
$3,600,000
Indiana
See Similar DealsRetail96,648 SF
Financed 06/28/2024
FINANCED
Mindy Bergman Of Meridian Capital Group Secures $3.6M Refinance For Retail Asset In New Castle
525 South Memorial Drive
See Similar DealsRetail96,648 SF
Financed 06/28/2024
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$37
Total Square Footage:96,648 SF
Transaction Type:Loan
The property asset involved in this transaction is located at 525 South Memorial Drive in New Castle, IN. It is classified as a retail asset with a total square footage of 96,648. The loan amount secured for this property was $3,600,000 as part of a refinance transaction that took place on June 27, 2024.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Loan Type: Refinance
- Broker: Mindy Bergman
- Broker Agency: Meridian Capital Group
This transaction highlights the involvement of Mindy Bergman from Meridian Capital Group, who acted as the broker in the deal, facilitating the refinance process for the property at 525 South Memorial Drive.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,600,000.00
Monthly NOI$24,000.00
Monthly Debt Service$22,754.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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