FINANCEDRetail
Michael J. Gefter Secures $1,348,783 Loan For Retail Property 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 involved in this transaction is a retail asset located at 1241 Mc Farland Blvd East in Tuscaloosa. The loan amount secured for this property is $1,348,783.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,348,783.00
- Address: 1241 Mc Farland Blvd East
- Market: Tuscaloosa
- Broker: Michael J. Gefter
Michael J. Gefter played a significant role in facilitating this transaction, representing the interests of the parties involved. The arrangement was formalized on March 20, 2025.
Players
Tuscaloosa Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
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