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Stonehill Acquires Bowling Green Retail Property With $42.3M Loan From Daniel Siegel & Greg Koenig

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FINANCED
$42,300,000

Kentucky

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Retail970 SF
Financed 06/01/2023
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Property Image
FINANCED

Stonehill Acquires Bowling Green Retail Property With $42.3M Loan From Daniel Siegel & Greg Koenig

2625 Scottsville Road, Bowling Green, Kentucky 42104, United States

See Similar Deals
Retail970 SF
Financed 06/01/2023

Summary

KENTUCKY
Asset Type:Retail
Price Per Square Foot:$43,608
Total Square Footage:970 SF
Transaction Type:Loan

The property involved in the transaction is a retail asset located at 2625 Scottsville Rd, Bowling Green, KY. It has a total square footage of 970,523. The acquisition was made by Stonehill, represented by Daniel Siegel and Greg Koenig as lenders. The loan amount for this transaction is $42,300,000. The landlord for this property is Kohan Retail Investment Group.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $42,300,000
  • Address: 2625 Scottsville Rd, Bowling Green, KY
  • Market: Bowling Green, KY
  • Square Footage: 970,523
  • Lender: Stonehill - Daniel Siegel & Greg Koenig
  • Landlord: Kohan Retail Investment Group

Daniel Siegel and Greg Koenig, representing Stonehill, played a crucial role in this acquisition deal. They facilitated the loan as lenders for the transaction, ensuring the successful completion of the acquisition.

Details

FINANCED
IMAGE: Daniel Siegel & Greg Koenig DATE: 01/06/2023 ADDRESS: 2625 Scottsville Rd MARKET: Bowling Green, KY ASSET TYPE: Retail ~ SF: 970,523 LENDER: Stonehill - Daniel Siegel & Greg Koenig LANDLORD: Kohan Retail Investment Group LOAN AMOUNT: $42,300,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$42,300,000.00

Monthly NOI$282,000.00
Monthly Debt Service$267,364.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00