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Simon Sproul Secures $1.8 Million Refinance Loan For Office Property In Broomall, PA

Property Image
FINANCED
$1,800,000

Pennsylvania

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Office7,500 SF
Financed 02/09/2026
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Property Image
FINANCED

Simon Sproul Secures $1.8 Million Refinance Loan For Office Property In Broomall, PA

1980 Sproul Road

See Similar Deals
Office7,500 SF
Financed 02/09/2026
Contact now

Summary

PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$240
Total Square Footage:7,500 SF
Transaction Type:Loan

The property asset involved in this transaction is an office located at 1980 Sproul Road in Broomall, PA. The asset has a total square footage of 7,500 and consists of 1 unit. This loan transaction amounts to $1,800,000 and is categorized as a refinance with terms set at 6.10% interest only, comprised of a 5 Year loan with a 30-year amortization. This is a cash-out refinance.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,800,000
  • Lender: American First Credit Union
  • Landlord: Simon Sproul
  • Landlord's Representative: John Lagoudis - Aegean Capital
  • Loan Type: Refinance
  • Loan Terms: 6.10% interest only, 5 Year loan, 30 year amortization
  • Cash Out Refinance: Yes

This transaction features key individuals including Simon Sproul, who serves as the landlord of the property, and John Lagoudis, representing Aegean Capital as the landlord's representative in this loan deal. The involvement of American First Credit Union as the lender plays a crucial role in facilitating the financing for this property.

Players

LENDER

12 deals$166.7M volume(917) 662-4910
ORIGINATOR

Details

FINANCED
IMAGE: John Lagoudis DATE: 2/9/2026 ADDRESS: 1980 Sproul Road MARKET: Broomall, PA ASSET TYPE: Office ~ SF: 7,500 ~ UNITS: 1 LENDER: American First Credit Union LANDLORD: Simon Sproul LANDLORD'S REP: John Lagoudis - Aegean Capital (@AegeanCapital_) LOAN AMOUNT: $1,800,000 LOAN TYPE: Refinance LOAN TERMS: 6.10% interest only, 5 Year loan, 30 year AMo. CAsh Out REfi

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,800,000.00

Monthly NOI$12,000.00
Monthly Debt Service$11,377.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00