Updated Oct 28, 2024
Bank Of America & Deutsche Bank Provide $235M Loan For Retail Property In Concord, NC
8111 Concord Mills Boulevard, Concord, North Carolina 28027, United States
$235,000,000
Building Size
—
Asset Type
Retail
Closing
Nov 3, 2022
About this deal
AI
A retail property located at 8111 Concord Mills Boulevard in Concord, NC has been involved in a loan transaction. The loan was secured from Bank of America and Deutsche Bank with a total amount of $235,000,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $235,000,000
- Address: 8111 Concord Mills Boulevard
- Market: Concord, NC
The loan transaction was facilitated by Bank of America and Deutsche Bank as the lenders.
The retail loan at 8111 Concord Mills Boulevard, Concord, North Carolina 28027, United States in Concord, North Carolina financed for $235M in 2022. 8111 Concord Mills Boulevard, Concord, North Carolina 28027, United States is classified as Retail on Traded. This page is the Concord, North Carolina file for the 8111 Concord Mills Boulevard, Concord, North Carolina 28027, United States retail financed: pricing, party profiles, and other closed retail comps from the same Concord sit in the Market section below. Filter that Concord retail set by closing date to see what else financed near 8111 Concord Mills Boulevard, Concord, North Carolina 28027, United States around 2022. Published consideration for 8111 Concord Mills Boulevard, Concord, North Carolina 28027, United States is $235M, dated 2022. Cite this Bank Of America & Deutsche Bank Provide $235M Loan For Retail Property In Concord, NC loan when underwriting similar retail product around Concord, North Carolina.
Players
Concord Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93