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Barclays Provides $137.15M ...

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

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

$137,150,000

Building Size

Asset Type

Retail

Closing

Dec 19, 2023

AI

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

Alpha Capital

Broker

$954.8M

vol

32 deals

Broker
Barclays Bank
Barclays BankLender

Market 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

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93