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:
- Property Type: Retail
- Transaction Amount: $10,500,000
- Loan Type: Acquisition
- Broker: Mindy Bergman
- Broker Agency: Meridian Capital Group
- Date of Loan: 8/1/2024
The transaction involves Mindy Bergman representing Meridian Capital Group as the broker for this deal, facilitating the acquisition loan for the retail property.
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