$12.675 Million Refinance Secured By Eliezer Finkel & Rael Gervis For Office In Cincinnati
FINANCED
$12,675,000
Office170,464 SF
Financed 07/29/2024
FINANCED
$12.675 Million Refinance Secured By Eliezer Finkel & Rael Gervis For Office In Cincinnati
11500 Northlake Drive
See Similar DealsOffice170,464 SF
Financed 07/29/2024
Summary
OHIO
Asset Type:Office
Price Per Square Foot:$74
Total Square Footage:170,464 SF
Transaction Type:Loan
The property asset involved in this transaction is an office located at 11500 Northlake Drive, Cincinnati, OH. The asset spans a total of 170,464 square feet. The refinancing loan amount for this property is $12,675,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,675,000
- Address: 11500 Northlake Drive
- Market: Cincinnati, OH
- Asset Size: 170,464 SF
- Loan Type: Refinance
Representing the deal are brokers Eliezer Finkel and Rael Gervis from Meridian Capital Group. They facilitated the refinancing transaction for this office property in the Cincinnati market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,675,000.00
Monthly NOI$84,500.00
Monthly Debt Service$80,114.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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