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Ariel Property Advisors Secures $5.5M Cash-Out Refinance Loan For Guadalupe Plaza In Albuquerque, NM
FINANCED
$5,500,000
New Mexico
See Similar DealsRetail87,000 SF
Financed 01/24/2024
FINANCED
Ariel Property Advisors Secures $5.5M Cash-Out Refinance Loan For Guadalupe Plaza In Albuquerque, NM
6211 4th Street Northwest
See Similar DealsRetail87,000 SF
Financed 01/24/2024
Summary
NEW MEXICO
Asset Type:Retail
Price Per Square Foot:$63
Total Square Footage:87,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,500,000.00
Monthly NOI$36,666.67
Monthly Debt Service$34,763.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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