FINANCEDRetail
Synovus Bank Provides $1,348,783 Loan For Retail Property At 1241 Mcfarland Blvd East In Tuscaloosa
1241 Mcfarland Blvd East
$1,348,783
$144/SF
Building Size
9,306 SF
Asset Type
Retail
Closing
Mar 20, 2025
AI
The asset involved in this transaction is a retail property located at 1241 Mcfarland Blvd East in the Tuscaloosa market. The loan amount associated with the property is $1,348,783.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,348,783.00
- Loan Date: 03/20/2025
- Lender: Synovus Bank
- Broker: Michael J. Gefter
Michael J. Gefter represents the interests of the parties involved in this transaction, facilitating the loan arrangement through Synovus Bank.
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