facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Office

/

Loan

/

Meridian Capital Group brok...

FINANCEDOffice

Meridian Capital Group Refinances Dental Offices In Michigan, Pennsylvania, Texas, Florida, Alabama, And South Carolina For $20M

$20,000,000

Building Size

Asset Type

Office

Closing

Jul 26, 2023

AI

A $20,000,000 loan is set to be refinanced for dental offices in Michigan, Pennsylvania, Texas, Florida, Alabama, and South Carolina. The landlord, Florida Value Partners, is working with brokers Jacob Petrovic, Morris Betesh, and Alex Bailkin from Meridian Capital Group to facilitate the transaction.

Summary of transaction details

  • Property Type: Dental Offices
  • Loan Amount: $20,000,000
  • Loan Type: Refinance
  • Landlord: Florida Value Partners
  • Brokers: Jacob Petrovic, Morris Betesh, Alex Bailkin - Meridian Capital Group

The loan will provide the necessary funding to refinance dental offices across multiple states, including Michigan, Pennsylvania, Texas, Florida, Alabama, and South Carolina. Florida Value Partners, the landlord, has enlisted the expertise of Jacob Petrovic, Morris Betesh, and Alex Bailkin from Meridian Capital Group to assist in securing the loan.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$14.2B

vol

238 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Market Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93