Symetra Provides $2.7 Million Refinance Loan For Retail Asset At 912 West Northwest Highway
912 West Northwest Highway
$2,700,000
$200/SF
Building Size
13,468 SF
Asset Type
Retail
Closing
Nov 27, 2024
AI
The asset involved in this transaction is a retail property located at 912 West Northwest Highway in Grapevine. The property consists of 13,468 square feet and was financed through a refinance loan amounting to $2,700,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Loan Type: Refinance
- Lender: Symetra
- Brokers: Dovid Kaufman & Noah Schulman - Meridian Capital Group
In this transaction, Dovid Kaufman and Noah Schulman played a key role as representatives from Meridian Capital Group, facilitating the lending process with Symetra for the retail property in Grapevine.
Players
Grapevine 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93