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Barclays Provides $137.15M Refinance Loan For Retail Property In Reno Nevada, Chicago, Albuquerque

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FINANCED
$137,150,000

Kansas

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Retail
Financed 12/19/2023
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Property Image
FINANCED

Barclays Provides $137.15M Refinance Loan For Retail Property In Reno Nevada, Chicago, Albuquerque

Retail
Financed 12/19/2023
Contact now

Summary

Asset Type:Retail
Transaction Type:Loan

The retail property located in Reno Nevada, Chicago, and Albuquerque has undergone a significant financial transaction in the form of a refinance loan. The loan was provided by Barclays, a prominent lender in the real estate industry. The loan amount totaled $137,150,000, highlighting the substantial nature of the transaction. This refinance loan offers the property owner an opportunity to restructure their debt and potentially take advantage of lower interest rates or extended loan terms.

Summary of transaction details

  • Property Type: Retail
  • Loan Amount: $137,150,000
  • Loan Type: Refinance
  • Lender: Barclays

This transaction was facilitated by Anthony Longo of Alpha Capital, who represented the borrower in securing the refinance loan. Anthony Longo's expertise and experience in the real estate market played a crucial role in ensuring a successful deal for the property owner. Alpha Capital, as the brokerage agency, demonstrated their proficiency in navigating the financing landscape and negotiating favorable terms for their client.

Players

Anthony Longo
32 deals$954.8M volume(312) 218-4445
BROKER

Barclays Bank
LENDER

Details

FINANCED
IMAGE: Anthony Longo DATE: 12/19/2023 MARKET: Reno Nevada, Chicago, Albuquerque ASSET TYPE: Retail LENDER: Barclays BROKERS: Anthony Longo - Alpha Capital LOAN AMOUNT: $137,150,000 LOAN TYPE: Refinance ,Chicago,Albuquerque,

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$137,150,000.00

Monthly NOI$914,333.33
Monthly Debt Service$866,881.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00