Updated Sep 5, 2024
Meridian Capital Group Arranges $16M Refinance Loan For IndusPAD In Methuen, MA
46 Stafford Street, Methuen, Massachusetts, USA
$16,000,000
$77/SF
Building Size
206,474 SF
Asset Type
Industrial
Closing
Oct 1, 2021
About this deal
AI
IndusPAD, an industrial property located at 46 Stafford Street in Methuen, MA, has recently undergone a refinancing transaction. The loan amount for this deal was $16,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Address: 46 Stafford Street, Methuen, MA
- Market: Methuen, MA
The brokers involved in this transaction were David Oheb and Max Jacobson from Meridian Capital Group. Meridian Capital Group is recognized as America's most active commercial real estate finance advisor, with a track record of closing $45 billion in financing in 2020 across various property types, including multifamily, office, retail, hotel, mixed-use, industrial, healthcare, senior housing, and construction.
For more information and to explore how Meridian can add value to your portfolio, you can contact David Oheb at 212-612-0193 or via email at [email protected].
Players
Methuen Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93