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Deutsche Bank Provides $29.6M CMBS Loan On Centers Of High Point Portfolio In North Carolina

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FINANCED
$29,642,857
Morris Dabbah
Morris Betesh
+ 1

National

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Office1 SF
Financed 01/09/2023
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FINANCED

Deutsche Bank Provides $29.6M CMBS Loan On Centers Of High Point Portfolio In North Carolina

Centers Of High Point Portfolio, North Carolina

See Similar Deals
Office1 SF
Financed 01/09/2023
Morris Dabbah
Morris Betesh
+ 1
Contact now

Summary

Asset Type:Office
Price Per Square Foot:$29,642,857
Total Square Footage:1 SF
Transaction Type:Loan

The Centers Of High Point Portfolio located in North Carolina has recently undergone a closed transaction. Deutsche Bank provided a loan of $29,642,857 in the form of a CMBS loan. The loan terms are set at a 5-year fixed-rate with non-recourse. The portfolio consists of several commercial properties including Center Point on Manning, Center Point of Hamilton, Center Point on Centennial, Center Point on Russell, Center Point on Field House, and Center Point 212.

Summary of transaction details

The Meridian Capital Group played a key role in this transaction by representing the buyers, sellers, landlords, or tenants involved in the deal. The professionalism and expertise of Eli Serebrowski, Morris Betesh, Morris Dabbah, and Jacob Petrovic from the Meridian Capital Group helped facilitate the successful completion of this transaction.

Players

Morris Betesh
211 deals$12.3B volume(646) 825-7005
BROKER

Morris Dabbah
Arrow Real Estate Advisors
34 deals$1.1B volume(212) 612-0105
BROKER

Eli Serebrowski
Arrow Real Estate Advisors
14 deals$684.2M volume
BROKER

Jacob Petrovic
Arrow Real Estate Advisors
20 deals$728.4M volume(646) 825-7014
BROKER

Deutsche Bank
LENDER

Details

FINANCED
IMAGE: Eli Serebrowski, Morris Betesh, Morris Dabbah & Jacob Petrovic DATE: 01/09/2023 ADDRESS: Centers Of High Point Portfolio MARKET: North Carolina ASSET TYPE: Commercial LENDER: Deutsche Bank (@DeutscheBank) BROKERS: Eli Serebrowski, Morris Betesh, Morris Dabbah & Jacob Petrovic - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $29,642,857 LOAN TYPE: CMBS LOAN TERMS: 5 Year fixed-rate; non-recourse NOTE FROM BROKER: Center Point on Manning - (324 E Russel Ave) Center Point of Hamilton - (309 E Russell Ave; 401-421 & 416 South Hamilton St) Center Point on Centennial - (400-418 E Russell Ave; 403-445 South Centennial St; 401-432 Tate St) Center Point on Russell - (319 South Centennial St) Center Point on Field House - (411 Manning St) Center Point 212 - (212 E Russell Ave)

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$29,642,857.00

Monthly NOI$197,619.05
Monthly Debt Service$187,363.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00