Meridian Capital Group Secures $45M Refinance Loan For Regional Power Center In Laurel, MD
FINANCED
$45,000,000
Maryland
See Similar DealsOther451,000 SF
Financed 04/28/2023
FINANCED
Meridian Capital Group Secures $45M Refinance Loan For Regional Power Center In Laurel, MD
3333 Corridor Marketplace Laurel, MD 20724, USA
See Similar DealsOther451,000 SF
Financed 04/28/2023
Summary
MARYLAND
Asset Type:Other
Price Per Square Foot:$99
Total Square Footage:451,000 SF
Transaction Type:Loan
The property involved in this closed transaction is a Regional Power Center located at 3333 Corridor Marketplace in Laurel, MD. The power center spans a total area of 451,000 square feet.
Summary of transaction details:
- Property Type: Regional Power Center
- Transaction Amount: $45,000,000
- Loan Type: Refinance
- Loan Terms: 5 Years | 5.65% Rate | 30-Year Amortization | Bank execution
The deal was facilitated by Allan Lieberman, Jacob Kaufman, and Asher Haft from Meridian Capital Group representing the parties involved in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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