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17937 Interstate 45

Updated Oct 28, 2024

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

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

17937 Interstate 45

$14,200,000

Building Size

Asset Type

Retail

Closing

Jun 3, 2022

About this deal

AI

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
Verified Badge

David Oheb

Meridian Capital Group

Broker

$863.7M

vol

78 deals

Broker
American National Bank & Trust
American National Bank & TrustLender

Edinburg 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

1.12%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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