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
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.
Players
Laurel Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
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