Big V Property Group Secures $6,986,000 Refinance Loan From United Bank At 3100 North Main Street
3100 North Main Street
$6,986,000
Building Size
—
Asset Type
Retail
Closing
Mar 6, 2026
AI
The property asset involved in this transaction is a retail space located at 3100 North Main Street in Anderson. The loan amount for this asset is $6,986,000, and the transaction pertains to a refinance action.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,986,000
- Lender: William Hecht - United Bank
- Owner: Big V Property Group
- Asset Management: Manny Mendoza, Executive Director - Big V Property Group
- Asset Manager: Greg Ix, Jr. - Junior Analyst - Big V Property Group
- Loan Type: Refinance
This transaction highlights the involvement of key individuals, including William Hecht representing United Bank as the lender and Manny Mendoza overseeing asset management for Big V Property Group. Greg Ix, Jr. serves as a junior analyst within the same organization, contributing to the asset management process.
Players
Anderson 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93