Meridian Capital Group Secures $32.5M CMBS Refinance Loan For Nashua Mall
FINANCED
$32,500,000
New Hampshire
See Similar DealsRetail310,420 SF
Financed
FINANCED
Meridian Capital Group Secures $32.5M CMBS Refinance Loan For Nashua Mall
Retail310,420 SF
Financed
Summary
Asset Type:Retail
Price Per Square Foot:$104
Total Square Footage:310420 SF
Transaction Type:Loan
The Nashua Mall in Nashua, NH, spanning 310,420 square feet, secured a $32,500,000 CMBS refinance loan from UBS. The loan features a 10-year term, with the first 3 years being interest-only.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $32,500,000
- Address: Nashua Mall
- Market: Nashua, NH
Meridian Capital Group's brokers, Paul Gilbert and Mark Nussbaum, played a pivotal role in facilitating the loan transaction for the retail property. Their expertise and representation were instrumental in securing the financing deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,500,000.00
Monthly NOI$216,666.67
Monthly Debt Service$205,422.11
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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