Robb Capital Secures $12 Million Financing for Eagles Landing Shopping Center
On January 15th, 2015, Robb Capital proudly announced the successful arrangement of a $12,000,000 financing deal for the esteemed Eagles Landing Shopping Center, a prominent retail hub spanning across 99,734 square feet, nestled in the picturesque town of Eldon, Missouri.
Property Details:
– Property Name: Eagles Landing Shopping Center
– Loan Amount: $12,000,000
– Property Description: Eagles Landing Shopping Center is a bustling retail complex, serving as a cornerstone of commercial activity in Eldon, Missouri, offering a diverse range of shopping and dining options.
– Square Footage: Covering an impressive 99,734 square feet of retail space, this center provides a substantial and versatile retail environment.
– Address: The shopping center is located at 12 Allen Road, Eldon, MO 65026, ensuring convenient access for both residents and visitors.
– City & State: Nestled in the heart of Eldon, Missouri, Eagles Landing Shopping Center stands as an integral part of the local community, offering a variety of retail services and amenities.
Financial Terms:
– Amortization: The financing package comes with a comfortable 30-year amortization schedule, ensuring reasonable and sustainable repayment terms.
– Term: The loan term is set at 10 years, providing ample time for the center’s operators to manage their financial obligations effectively.
– Interest Rate: A competitive interest rate of 4.45% has been secured, reflecting favorable market conditions and contributing to the project’s viability.
– Loan-to-Value (LTV): The LTV ratio of 75% signifies a well-balanced financing structure, striking an equitable balance between the loan amount and the property’s appraised value.
Debt Service Coverage Ratio (DSCR): With a DSCR of 1.36x, this financing deal ensures that there is sufficient income to cover the debt service, providing financial security for the investment.
This financing arrangement stands as a significant milestone for Eagles Landing Shopping Center and the Eldon community, further enhancing the prospects of this thriving retail destination. Robb Capital’s successful collaboration underscores their commitment to supporting local businesses and economic development in Eldon, Missouri.