ValueXpress Obtains $5.5-Million CMBS Conduit Loan for a Neighborhood Shopping Center Located in Suburban Atlanta, GA

ValueXpress obtained a $5.5-million first-mortgage loan that was utilized to refinance existing debt secured by a 20,000-square-foot neighborhood shopping center located in the Atlanta MSA. The property is currently 100% occupied by nine tenants. The property was constructed in 2004 and is in excellent condition. The loan transaction was structured as a 10-year term based on a 30-year amortization schedule. Loan-to-value was 75% and the property provides 1.25x net cash flow DSCR on actual income and expenses.

Advertisements
This entry was posted in CMBS Conduit Loans, Michael D. Sneden, News & Recent Closings, Valuexpress and tagged , . Bookmark the permalink.

One Response to ValueXpress Obtains $5.5-Million CMBS Conduit Loan for a Neighborhood Shopping Center Located in Suburban Atlanta, GA

  1. Pingback: ValueXpress Obtains $5.5-Million CMBS Conduit Loan for a …

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s