Meridian Capital Group Secures $45M Refinance Loan For Regional Power Center In Laurel, MD
3333 Corridor Marketplace Laurel, MD 20724, USA
$45,000,000
$99/SF
Building Size
451,000 SF
Asset Type
Other
Closing
Apr 28, 2023
About this deal
AI
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.
On the Map
$45,000,000
$99/SF
Other
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Players
Laurel Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93