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10 Glenwood Avenue

Mindy Bergman Of Meridian Capital Group Secures $10.5M Loan For Retail Property In Binghamton
FINANCEDRetail

Mindy Bergman Of Meridian Capital Group Secures $10.5M Loan For Retail Property In Binghamton

10 Glenwood Avenue

$10,500,000

$82/SF

Building Size

126,917 SF

Asset Type

Retail

Closing

Aug 2, 2024

AI

The asset involved in the transaction is a retail property located at 10 Glenwood Avenue in Binghamton. It encompasses a total square footage of 126,917 and is associated with an acquisition loan amounting to $10,500,000.

Summary of transation details:

The transaction involves Mindy Bergman representing Meridian Capital Group as the broker for this deal, facilitating the acquisition loan for the retail property.

Players

Mindy Bergman

Meridian Capital Group

Broker

$91.2M

vol

7 deals

Broker

Binghamton 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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93