Updated Sep 9, 2024
Meridian Capital Group Arranges $1.5M Acquisition Loan For Retail Property In Shelby, NC
202 East Dixon Boulevard
$1,500,000
$243/SF
Building Size
6,150 SF
Asset Type
Retail
Closing
Oct 6, 2022
About this deal
AI
A retail property located at 202 E Dixon Blvd in Shelby, NC has been involved in a recent transaction. The property spans 6,150 square feet and is situated in the Shelby market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,500,000
- Loan Type: Acquisition
- Loan Terms: 30-year amortization, no prepayment penalty
The transaction was facilitated by Meridian Capital Group, with Matt Buggenhagen and Jason Labriola representing the parties involved.
The retail loan at 202 East Dixon Boulevard in Shelby, North Carolina financed for $1.5M in 2022. The building is 6,150 square feet, implying about 243 per square foot on the published price. Jason Labriola, Matt Buggenhagen, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the Shelby, North Carolina file for the 202 East Dixon Boulevard retail financed: pricing, party profiles, and other closed retail comps from the same Shelby sit in the Market section below. Filter that Shelby retail set by closing date to see what else financed near 202 East Dixon Boulevard around 2022. Published consideration for 202 East Dixon Boulevard is $1.5M, dated 2022. Cite this Meridian Capital Group Arranges $1.5M Acquisition Loan For Retail Property In Shelby, NC loan when underwriting similar retail product around Shelby, North Carolina.
Players
Shelby Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Jason Labriola to view all their deals.
Browse Shelby retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93