Mindy Bergman Of Meridian Capital Group Secures $10.5M Loan For Retail Property In Binghamton
FINANCED
$10,500,000
New York
See Similar DealsRetail126,917 SF
Financed 08/02/2024
FINANCED
Mindy Bergman Of Meridian Capital Group Secures $10.5M Loan For Retail Property In Binghamton
10 Glenwood Avenue
See Similar DealsRetail126,917 SF
Financed 08/02/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$82
Total Square Footage:126,917 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,500,000.00
Monthly NOI$70,000.00
Monthly Debt Service$66,367.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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