Alex Mermelstein Of Marblestone Capital Group Secures $2.9M Refinance Loan In Loveland, OH
FINANCED
$2,900,000
Retail9,926 SF
Financed 10/10/2024
FINANCED
Alex Mermelstein Of Marblestone Capital Group Secures $2.9M Refinance Loan In Loveland, OH
6407 Branch Hill–Guinea Pike
See Similar DealsRetail9,926 SF
Financed 10/10/2024
Summary
OHIO
Asset Type:Retail
Price Per Square Foot:$292
Total Square Footage:9,926 SF
Transaction Type:Loan
The property asset involved in the transaction is a retail space located at 6407 Branch Hill–Guinea Pike in Loveland, OH. The asset encompasses a total square footage of 9,926. The loan amount for this transaction is $2,900,000 and falls under a cash-out refinance type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,900,000
- Loan Type: Refinance
- Loan Terms: Cash-Out Refinance
- LTV: 75%
- DSCR: 1.17x
- Fixed Rate: 7.0%
- No Prepayment Penalty
- Amortization Period: 30-Year
Alex Mermelstein from Marblestone Capital Group operates as the broker in this transaction, representing the involved parties in securing the refinance loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,900,000.00
Monthly NOI$19,333.33
Monthly Debt Service$18,329.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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