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6211 4th Street Northwest

Ariel Property Advisors Secures $5.5M Cash-Out Refinance Loan For Guadalupe Plaza In Albuquerque, NM
FINANCEDRetail

Ariel Property Advisors Secures $5.5M Cash-Out Refinance Loan For Guadalupe Plaza In Albuquerque, NM

6211 4th Street Northwest

$5,500,000

$63/SF

Building Size

87,000 SF

Asset Type

Retail

Closing

Jan 24, 2024

AI

Ariel Property Advisors' Capital Services Group has successfully secured a $5.5 million cash-out refinance loan for Guadalupe Plaza, a grocery-anchored shopping center located at 6211 4th Street Northwest in Albuquerque, NM. The property spans across 87,000 square feet.

Summary of transaction details:

This successful loan transaction signifies Ariel Property Advisors' ability to secure financing for Guadalupe Plaza. The loan amount of $5.5 million will assist in the refinance of the property, providing the necessary capital for the shopping center's future endeavors.

Players

Matt Swerdlow

Ariel Property Advisors

Broker

$311.3M

vol

26 deals

Broker

Albuquerque Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93