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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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FINANCED

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

17937 Interstate 45

See Similar Deals
Retail
Financed 06/03/2022
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Summary

TEXAS
Asset Type:Retail
Transaction Type:Loan

The recently closed property transaction in Shenandoah, TX involves a retail asset located at 17937 I-45 S. - Sam Moon Center. The property was acquired by an undisclosed buyer for a loan amount of $14,200,000. The transaction was facilitated by Fordham Properties LLC as the landlord and American National Bank & Trust as the lender. The deal was brokered by David Oheb and Max Jacobson from Meridian Capital Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $14,200,000
  • Address: 17937 I-45 S. - Sam Moon Center, Shenandoah, TX
  • Market: Shenandoah, TX
  • Landlord: Fordham Properties LLC
  • Lender: American National Bank & Trust
  • Brokers: David Oheb & Max Jacobson - Meridian Capital Group

Meridian Capital Group, represented by David Oheb and Max Jacobson, is America's most active real estate finance and advisory firm. With over $55 billion in financing closed in 2021, their expertise spans various property types, including multifamily, office, retail, hotel, mixed-use, industrial, and construction. Meridian Capital Group has established relationships with leading real estate investors and developers.

For more information on how Meridian Capital Group can add value to your real estate portfolio, please contact David Oheb at 212-612-0193 or [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