LMF Commercial Refinances Retail Property In Columbus, OH With $21.5M Loan
$21,500,000
$132/SF
Building Size
162,000 SF
Asset Type
Retail
Closing
Sep 20, 2023
About this deal
AI
The retail property located in Columbus, OH with a total area of 162,000 square feet has undergone a loan transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $21,500,000
- Date: 09/20/2023
- Lender: Ben Silver - LMF Commercial
- Brokers: Sam Miller, Connor Lee & Stan Malatesta - Bellwether Enterprise Real Estate Capital (BWE)
- Loan Type: Refinance
- Loan Term: CMBS
The loan amount for this refinance transaction is $21,500,000. The lender for this deal is Ben Silver from LMF Commercial. The brokers representing the transaction are Sam Miller, Connor Lee, and Stan Malatesta from Bellwether Enterprise Real Estate Capital (BWE).
Players
Market 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93