Alex Mermelstein Of Marblestone Capital Group Secures $2.9M Refinance Loan In Loveland, OH
6407 Branch Hill–Guinea Pike
$2,900,000
$292/SF
Building Size
9,926 SF
Asset Type
Retail
Closing
Oct 10, 2024
AI
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.
Loveland Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93