Big V Property Group Secures $21.5 Million Refinance Loan For Retail Properties
$21,500,000
Building Size
—
Asset Type
Retail
Closing
Jul 27, 2025
About this deal
AI
The transaction involved a retail asset with a loan amount of $21,500,000. The loan type was refinance, and the landlord is Big V Property Group. The asset operates at 100% occupancy and managed to secure a competitive interest rate below 6% on a bank balance sheet, applied across all NNN properties.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $21,500,000
- Loan Type: Refinance
- Landlord: Big V Property Group
- Date: 7/28/2025
- Market: Multi-Market
Key individuals involved in the transaction include Jeffrey Rosenberg and Bryan Kallenberg, representing the landlord in this deal. Their efforts contributed to securing favorable financing terms for the Big V Income Fund, reflecting the asset's strong occupancy rate and financial performance.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93