Charlie Terrasi Of Dime Commercial Bank Provides $18 Million Loan For Retail Center In Cicero
5701 East Circle Drive
$18,000,000
$120/SF
Building Size
149,736 SF
Asset Type
Retail
Closing
Aug 5, 2026
About this deal
AI
A retail shopping center located at 5701 East Circle Drive in Cicero, NY, encompasses 149,736 square feet of retail space. The transaction involved a refinance loan amounting to $18,000,000 secured at a sub-6% interest rate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,000,000
- Loan Amount: $18,000,000
- Loan Type: Refinance
- Address: 5701 East Circle Drive
- Market: Cicero
- Lender: Charlie Terrasi - Dime Commercial Bank
- Brokers: Isaac Filler, Yossi Koschitzki, Michael Neumann, Steven Edelstein & Shaya Hirtz - Filler Capital
Filler Capital LLC facilitated the financing transaction, acknowledging Charlie Terrasi and the Dime team for their partnership and execution during the process. They highlighted their role in assisting the client to secure financing effectively.
Players
Cicero 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93