Meridian Capital Group Secures $3.5M Acquisition Loan For Retail Property

The retail property, a car wash located at 409 Knight's Way in Harker Heights, was involved in an acquisition loan transaction. The loan amount secured for this property was $3,500,000. The terms of the loan included a 5-year term with 6 months of interest-only payments and a flexible prepayment option at a 6.50% rate.

Summary of transaction details:

• Property Type: Retail (Car wash)
• Transaction Amount: $3,500,000
• Address: 409 Knight's Way
• Market: Harker Heights

Matt Buggenhagen, Jason Labriola, and Anthony Colicino from Meridian Capital Group represented the parties in this deal as the brokers. They facilitated the acquisition loan for the retail property, ensuring a smooth transaction process for all parties involved.