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525 South Memorial Drive

Mindy Bergman Of Meridian Capital Group Secures $3.6M Refinance For Retail Asset In New Castle
FINANCEDRetail

Mindy Bergman Of Meridian Capital Group Secures $3.6M Refinance For Retail Asset In New Castle

525 South Memorial Drive

$3,600,000

$37/SF

Building Size

96,648 SF

Asset Type

Retail

Closing

Jun 28, 2024

AI

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:

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.

Players

Mindy Bergman

Meridian Capital Group

Broker

$91.2M

vol

7 deals

Broker

New Castle 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93