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
About this deal
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.
The retail loan at 1241 Mcfarland Blvd East in Tuscaloosa, Alabama financed for $1.3M in 2025. The building is 9,306 square feet, implying about 144 per square foot on the published price. Named participants on the 1241 Mcfarland Blvd East loan are Michael J. Gefter. This page is the Tuscaloosa, Alabama file for the 1241 Mcfarland Blvd East retail financed: pricing, party profiles, and other closed retail comps from the same Tuscaloosa sit in the Market section below. Filter that Tuscaloosa retail set by closing date to see what else financed near 1241 Mcfarland Blvd East around 2025. Published consideration for 1241 Mcfarland Blvd East is $1.3M, dated 2025. Cite this Synovus Bank Provides $1,348,783 Loan For Retail Property At 1241 Mcfarland Blvd East In Tuscaloosa loan when underwriting similar retail product around Tuscaloosa, Alabama.
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