FINANCEDRetail
Michael J. Gefter Represents Lender In $4,550,000 Loan For Retail Asset In Tuscaloosa
1307 University Blvd
$4,550,000
$314/SF
Building Size
14,451 SF
Asset Type
Retail
Closing
Feb 27, 2025
AI
The asset involved in this transaction is a retail property located at 1307 University Blvd in Tuscaloosa. The loan amount secured for this property is $4,550,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,550,000.00
- Address: 1307 University Blvd
- Market: Tuscaloosa
- Loan Date: 02/27/2025
The broker representing this transaction is Michael J. Gefter. He facilitated the loan process associated with this retail property in the Tuscaloosa market.
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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93