Alico Capital Provides $7.56M Acquisition Loan To Midwest USA Acquisitions
FINANCED
$7,557,200
Michigan
See Similar DealsPackage Deal225,428 SF
Financed 04/03/2024
FINANCED
Alico Capital Provides $7.56M Acquisition Loan To Midwest USA Acquisitions
5130 Mckinley Street
See Similar DealsPackage Deal225,428 SF
Financed 04/03/2024
Summary
MICHIGAN
Asset Type:Package Deal
Price Per Square Foot:$33
Total Square Footage:225,428 SF
Transaction Type:Loan
The package deal at 5130 Mckinley Street in Detroit, Michigan consists of 225,428 square feet. The acquisition loan amount for this property is $7,557,200, facilitated by Alico Capital.
Summary of transaction details:
- Property Type: Package Deal ~ SFL 225,428
- Transaction Amount: $7,557,200
- Lender: Alico Capital
- Landlord: Andrew Goldstein and Benjamin Schwartz - Midwest USA Acquisitions
Nabil Rhazi from Alico Capital represented the lender in the deal, while James Bufalino from Premier Property Services represented the landlords Andrew Goldstein and Benjamin Schwartz of Midwest USA Acquisitions.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,557,200.00
Monthly NOI$50,381.33
Monthly Debt Service$47,766.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions