Symetra Provides $5.5M Refinance For Retail Asset At 3400 Wilkinson Boulevard In Charlotte NC
FINANCED
$5,500,000
North Carolina
See Similar DealsRetail3,248 SF
Financed 12/09/2024
FINANCED
Symetra Provides $5.5M Refinance For Retail Asset At 3400 Wilkinson Boulevard In Charlotte NC
3400 Wilkinson Boulevard
See Similar DealsRetail3,248 SF
Financed 12/09/2024
Summary
NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$1,693
Total Square Footage:3,248 SF
Transaction Type:Loan
The property asset involved in this transaction is located at 3400 Wilkinson Boulevard, Charlotte, NC. It is categorized as retail space, encompassing a total square footage of 95,477. The loan associated with this property was arranged for refinancing at a total amount of $5,500,000.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Loan Type: Refinance
- Lender: Symetra
- Broker: David Bollag - Meridian Capital Group
The key individuals connected with this transaction include David Bollag, who acted as the broker representing the refinancing deal through Meridian Capital Group. The involvement of Symetra as the lender provides insight into the financing structure of this retail asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,500,000.00
Monthly NOI$36,666.67
Monthly Debt Service$34,763.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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