Parkview Financial Provides $22.5M Loan For Mixed-Use Property On 3rd Ave In Birmingham, AL
2225 3rd Avenue North, Birmingham, Alabama 35203, United States
$22,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 23, 2022
About this deal
AI
Located in Birmingham, AL, the mixed-use property at 2225 3rd Ave N recently underwent a closed transaction. The loan for this property was provided by Parkview Financial, with Paul Rahimian as the lender. The loan amount for this transaction was $22,500,000. The landlord of the property is EPT Holdings, LLC.
Summary of Transaction Details:
- Property Type: Mixed-use
- Transaction Amount: $22,500,000
- Lender: Parkview Financial - Paul Rahimian
- Landlord: EPT Holdings, LLC
Paul Rahimian represented Parkview Financial in this transaction, acting as the lender's representative. This closed deal showcases the collaboration between the lender and the landlord, EPT Holdings, LLC.
Players
Birmingham Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93