Meridian Capital Group Refinances Mixed-Use Property In Syracuse For $1.2M
301 South Salina Street, Syracuse, New York 13202, United States
$1,200,000
$21/SF
Building Size
56,000 SF
Asset Type
Mixed-use
Closing
Mar 24, 2022
About this deal
AI
The mixed-use property located at 301 S. Salina Street in Syracuse has recently undergone a loan refinance transaction. The loan amount for this transaction was $1,200,000. Simon Rosenfeld and John Bianco of Meridian Capital Group served as the brokers in this deal.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Market: Syracuse
- Address: 301 S. Salina Street
- Brokers: Simon Rosenfeld & John Bianco - Meridian Capital Group
This loan refinance transaction represents an opportunity for the property owner to secure a new financial agreement, potentially reducing their interest rates or obtaining other favorable terms. With the assistance of Simon Rosenfeld and John Bianco from the Meridian Capital Group, the property owner was able to navigate the refinancing process and secure a loan amount of $1,200,000.
City of Syracuse Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93