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Big V Property Group Secures $125M Refinance Loan For The Avenue Murfreesboro

Property Image
FINANCED
$125,000,000
Christopher (Chris) Drew
Bryan Kallenberg
+ 2

Tennessee

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Retail846,467 SF
Financed 10/11/2023
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Property Image
FINANCED

Big V Property Group Secures $125M Refinance Loan For The Avenue Murfreesboro

2615 Medical Center Parkway

See Similar Deals
Retail846,467 SF
Financed 10/11/2023
Christopher (Chris) Drew
Bryan Kallenberg
+ 2
Contact now

Summary

TENNESSEE
Asset Type:Retail
Price Per Square Foot:$147
Total Square Footage:846,467 SF
Transaction Type:Loan

The Avenue Murfreesboro is a lifestyle retail center located at 2615 Medical Center Parkway in Murfreesboro, Tennessee, with a substantial size of 846,467 square feet. Recently, it has undergone a cash-out refinancing process, securing a loan amount of $125,000,000.

Summary of transaction details:

Big V Property Group, represented by Bryan Kallenberg and Dean Lumish, has successfully executed the refinancing. The brokerage team from JLL, consisting of Brian Dawson, Chris Drew, and Matthew Casey, facilitated the transaction.

Players

8 deals$1.1B volume(877) 244-8532
BROKER


Matthew Casey
JLL
5 deals$458.5M volume
BROKER

Brian Dawson
JLL
4 deals$396.2M volume(704) 927-3003
BROKER

Big V Property Group
BROKERAGE


Bryan Kallenberg
Big V Property Group
8 deals$1.1B volume
LANDLORD


2 deals$250M volume
LANDLORD

Details

FINANCED
IMAGE: Bryan Kallenberg, Dean Lumish, Brian Dawson, Chris Drew & Matthew Casey DATE: 10/11/2023 ADDRESS: 2615 Medical Center Parkway MARKET: Murfreesboro, TN ASSET TYPE: Retail ~ SF: 846,467 LANDLORD: Bryan Kallenberg & Dean Lumish - Big V Property Group BROKERS: Brian Dawson, Chris Drew & Matthew Casey - JLL LOAN AMOUNT: $125,000,000 LOAN TYPE: Refinance NOTE: Big V Property Group has secured $125 million in cash-out refinancing for The Avenue Murfreesboro, an 846,467-square-foot lifestyle retail center in Murfreesboro, Tennessee.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$125,000,000.00

Monthly NOI$833,333.33
Monthly Debt Service$790,085.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00