Matt Good Of Bellwether Enterprise Secures $36 Million Refinance For Crossroads At Terrell
1260 Fm 148
$36,000,000
$138/SF
Building Size
260,877 SF
Asset Type
Retail
Closing
Sep 8, 2025
About this deal
AI
The property asset involved in the transaction is a retail center located at 1260 FM 148 in Terrell, Texas. The asset spans 260,877 square feet and is part of the Terrell market. This refinancing deal amounted to $36,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $36,000,000
- Address: 1260 FM 148
- Market: Terrell
- Asset Size: 260,877 SF
- Loan Type: Refinance
Matt Good of Bellwether Enterprise (BWE) acted as the broker representing the owner in securing the refinancing for the property. The fixed-rate loan was arranged from a life insurance company, benefitting the national retail developer who owns the center which is anchored by Hobby Lobby and Academy Sports.
Players
Terrell 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93