FINANCEDOffice
Trez Capital Provides $37.3M Construction Loan For Office Project In Springdale, OH
134 Merchant Street
$37,344,445
Building Size
—
Asset Type
Office
Closing
Jan 4, 2022
About this deal
AI
The property asset involved in this transaction is an office located at 134 & 144 Merchant St. in Springdale, OH. The property is owned by Trinity Square Holdings, LLC.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $37,344,445
- Lender: Trez Capital - Brett Forman & Scott Mehlman
- Landlord: Trinity Square Holdings, LLC
- Loan Type: Construction Loan
In this deal, Trez Capital represented by Brett Forman & Scott Mehlman acted as the lender providing a construction loan for the property.
Players
Trez CapitalLender
Cincinnati Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93