Updated Mar 3, 2026
Citibank Provides $12 Million Acquisition Loan For Retail Asset In Matthews NC
10046 East Independence Boulevard
$12,000,000
Building Size
—
Asset Type
Retail
Closing
Dec 18, 2025
About this deal
AI
The property asset involved in this transaction is situated at 10046 East Independence Boulevard in Matthews, NC. The retail asset is associated with a loan amount of $12,000,000, designated for acquisition purposes.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,000,000
- Lender: Citibank
- Landlord's Representative: Morris Betesh, Jack McPhail, Alex Ellman & Joseph Kean - Arrow Real Estate Advisors
- Date: 12/19/2025
The key individuals involved in this deal include the representatives from Arrow Real Estate Advisors, who facilitated the transaction for the landlord. Their participation denotes a collaborative effort in securing the acquisition loan from Citibank.
Players
Matthews 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93