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Largo Capital Inc Refinances Retail Property In Pickerington With $7.9M Loan
FINANCED
$7,900,000
Retail90,040 SF
Financed 04/12/2024
FINANCED
Largo Capital Inc Refinances Retail Property In Pickerington With $7.9M Loan
1171 Hill Road North
See Similar DealsRetail90,040 SF
Financed 04/12/2024
Summary
OHIO
Asset Type:Retail
Price Per Square Foot:$87
Total Square Footage:90,040 SF
Transaction Type:Loan
The refinancing of a fully leased 90,040-square-foot shopping center located at 1171 Hill Road North in Pickerington, Ohio, was facilitated through a $7.9 million nonrecourse, fixed-rate loan. The loan was arranged by Largo Capital Inc., represented by Kevin Ross. Tenants at the shopping center include Big Lots and Planet Fitness.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,900,000
- Address: 1171 Hill Road North
- Market: Pickerington, Ohio
- Asset Size: 90,040 SF
- Broker: Kevin Ross - Largo Capital Inc
- Loan Type: Refinance
- Loan Terms: Nonrecourse, fixed-rate loan
Largo Capital Inc., represented by Kevin Ross, successfully orchestrated the refinancing deal for the shopping center, ensuring a smooth transaction process for the undisclosed lenders and borrowers involved in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,900,000.00
Monthly NOI$52,666.67
Monthly Debt Service$49,933.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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