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:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Loan Type: Refinance
- Loan Terms: 15-year
- Brokers: Matt Swerdlow & Matthew Dzbanek - Ariel Property Advisors
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
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