Updated Nov 17, 2023
Prestige Group Refinances The Marketplace At Huntingdon Valley For $42M
2010 County Line RdHuntingdon Valley, PA 19006, USA
Building Size
259,000 SF
Asset Type
Retail
Closing
Jun 12, 2023
About this deal
AI
The Marketplace at Huntingdon Valley, a Philadelphia shopping center, has secured $42 million in refinancing. The property is located at 2010 County Line Road and spans 259,000 square feet on 49 acres. Anchored by Weis Markets and LA Fitness, this retail asset is situated in Huntingdon Valley, PA.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $42,000,000
- Loan Type: Refinance
Prestige Group, represented by Bob Cohen, facilitated the refinancing deal for The Marketplace at Huntingdon Valley. The financing package includes a senior loan of $25 million and a junior loan of $17 million. These loans were secured from undisclosed regional banks.
Players
Huntingdon Valley Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Browse Pennsylvania retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93