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912 West Northwest Highway

Symetra Provides $2.7 Million Refinance Loan For Retail Asset At 912 West Northwest Highway
FINANCEDRetail

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:

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

Chaim Tessler

Meridian Capital Group

Broker

$423.1M

vol

17 deals

Broker

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