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Swietokrzyskie Voivodeship

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Retail

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Galeria Sandomierz, Błonie ...

Updated Oct 28, 2024

BNP Paribas Bank Polska Provides €13.5M Loan For Retail Portfolio In Poland
FINANCEDRetail

BNP Paribas Bank Polska Provides €13.5M Loan For Retail Portfolio In Poland

Galeria Sandomierz, Błonie 2, 27 600 Sandomierz, Poland

$13,500,000

Building Size

Asset Type

Retail

Closing

Nov 26, 2021

About this deal

AI

The loan transaction took place involving three retail properties in Poland. The properties include Galeria Sandomierz located at Błonie 2, 27-600 Sandomierz, Galeria Awangarda located at Józefa Bema 40 C, 11-200 Bartoszyce, and Eden Retail Park located at Jeleniogórska 40, 59-900 Łagów. These properties are part of the retail market in Poland.

Summary of transaction details:

  • Property Type: Retail
  • Loan Amount: €13,500,000
  • Lender: BNP Paribas Bank Polska - Przemek Gdanski
  • Landlord: Focus Estate Fund
  • Market: Poland

The loan was provided by BNP Paribas Bank Polska, with Przemek Gdanski representing the bank in the transaction. The landlord in this deal was the Focus Estate Fund. The loan amount for this transaction was €13,500,000.

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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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