Michael J. Gefter Arranges $1.35M Loan For Retail Asset At 1241 Mc Farland Blvd East
1241 Mc Farland Blvd East
$1,348,783
$144/SF
Building Size
9,306 SF
Asset Type
Retail
Closing
Mar 20, 2025
AI
The property asset involved in this transaction is a retail space located at 1241 Mc Farland Blvd East in Tuscaloosa. The loan amount secured for this asset is $1,348,783.00, facilitating the financial aspects of this property deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,348,783.00
- Address: 1241 Mc Farland Blvd East
- Market: Tuscaloosa
Michael J. Gefter acted as the broker for this transaction, representing the interests involved in the deal for the retail asset. This involvement highlights the professional expertise brought into the negotiation and securing of the loan for this property.
Players
Tuscaloosa 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
11.76%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93