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American National Bank & Trust Provides $14.2M Acquisition Loan For Retail Property In Shenandoah, TX

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FINANCED
$14,200,000

Texas

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Retail
Financed 06/03/2022
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Property Image
FINANCED

American National Bank & Trust Provides $14.2M Acquisition Loan For Retail Property In Shenandoah, TX

17937 I-45 South Shenandoah, TX 77385, USA

See Similar Deals
Retail
Financed 06/03/2022
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Summary

TEXAS
Asset Type:Retail
Transaction Type:Loan

The retail property located at 17937 I-45 S. in Shenandoah, TX has been involved in a closed transaction. The property is part of the Sam Moon Center and spans an undisclosed amount of square footage. The deal took place on 06/03/2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $14,200,000
  • Market: Shenandoah, TX

Fordham Properties LLC served as the landlord in this transaction, while American National Bank & Trust provided the loan. The loan amount for the acquisition was $14,200,000. Acting as brokers for the deal were David Oheb and Max Jacobson from the Meridian Capital Group. For more information on how Meridian can add value to your portfolio, please reach out to David Oheb at 212-612-0193 or via email at [email protected].

Players

David Oheb
77 deals$821.5M volume(212) 612-0193
BROKER

Max Jacobson
Meridian Capital Group
36 deals$264.4M volume
BROKER

American National Bank & Trust
LENDER

Details

FINANCED
IMAGE: David Oheb & Max Jacobson DATE: 06/03/2022 ADDRESS: 17937 I-45 S. - Sam Moon Center MARKET: Shenandoah, TX ASSET TYPE: Retail LANDLORD: Fordham Properties LLC LENDER: American National Bank & Trust BROKERS: David Oheb (@TeamOheb) & Max Jacobson (@Max_Jacobson) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $14,200,000 LOAN TYPE: Acquisition NOTES FROM BROKER: @Meridian.Capital.Group is America’s most active real estate finance & advisory firm, having closed over $55 billion in financing in 2021 across all property types, including multifamily, office, retail, hotel, mixed-use, industrial, & construction. Meridian represents many of the world’s leading real estate investors & developers. For more information on how Meridian can add value to your portfolio please contact: • David Oheb • 212-612-0193 • [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,200,000.00

Monthly NOI$94,666.67
Monthly Debt Service$89,753.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00