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DLC Management Corp Secures $33.65 Million Loan For Retail Properties In Reynoldsburg & Dublin

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FINANCED
$33,650,000

Ohio

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Retail1,209,640 SF
Financed 01/23/2025
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FINANCED

DLC Management Corp Secures $33.65 Million Loan For Retail Properties In Reynoldsburg & Dublin

2793 Taylor Road Southwest & 5800 Britton Parkway

See Similar Deals
Retail1,209,640 SF
Financed 01/23/2025
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Summary

OHIO
Asset Type:Retail
Price Per Square Foot:$27
Total Square Footage:1,209,640 SF
Transaction Type:Loan

The asset involved in this transaction includes two retail properties located at 2793 Taylor Road Southwest and 5800 Britton Parkway, positioned in the Reynoldsburg and Dublin markets. The total square footage of both properties is 604,820. The financing for the properties was facilitated through a loan amount of $33,650,000, structured with a five-year fixed-rate term.

Summary of transaction details:

JLL arranged two five-year, fixed-rate loans for DLC Management Corp, one for Taylor Square, a 378,102-square-foot shopping center, and another for Tuttle Crossing, a 226,718-square-foot retail center. Both locations are strategically positioned in high-traffic areas alongside strong anchor tenants, ensuring a robust market presence.

Players

Alex Staikos
33 deals$4.5B volume
BROKER

Scott Aiese
JLL
30 deals$2.7B volume
BROKER

Claudia Steeb
JLL
3 deals$748.7M volume
BROKER

Tristate Capital Bank
LENDER

Details

FINANCED
IMAGE: 01/23/2025 ADDRESS: 2793 Taylor Road Southwest & 5800 Britton Parkway MARKET: Reynoldsburg & Dublin ASSET TYPE: Retail ~ SF: 604,820 LENDER: Tristate Capital Bank & Dollar Bank LANDLORD: DLC Management Corp BROKERS: Alex Staikos, Claudia Steeb & Scott Aiese - JLL LOAN AMOUNT: $33,650,000 LOAN TERMS: five-year, fixed-rate NOTE: JLL arranged two five-year, fixed-rate loans for DLC Management Corp: one for Taylor Square, a 378,102-square-foot shopping center, and another for Tuttle Crossing, a 226,718-square-foot retail center. Both properties are strategically located in high-traffic areas with strong anchor tenants, and were financed through TriState Capital Bank and Dollar Bank, respectively. #

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$33,650,000.00

Monthly NOI$224,333.33
Monthly Debt Service$212,690.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00