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
Edinburg Retail Market Snapshot
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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