Eastern Union Provides $7M Loan For Acquisition Of Retail Property In Birmingham
FINANCED
$7,040,207
Alabama
See Similar DealsRetail299,707 SF
Financed 09/13/2022
FINANCED
Eastern Union Provides $7M Loan For Acquisition Of Retail Property In Birmingham
7001 Crestwood Boulevard, Birmingham, Alabama 35210, United States
See Similar DealsRetail299,707 SF
Financed 09/13/2022
Summary
ALABAMA
Asset Type:Retail
Price Per Square Foot:$23
Total Square Footage:299,707 SF
Transaction Type:Loan
A retail property located at 7001 Crestwood Blvd in Birmingham, AL has been involved in a recent loan transaction. The property spans 299,707 square feet and is owned by CityWide Properties.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,040,207
- Lender: Eastern Union - Marc Tropp
- Loan Type: Acquisition
- Loan Terms: Interest rate fixed at 4.6 percent
Marc Tropp from Eastern Union acted as the lender for this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,040,207.00
Monthly NOI$46,934.71
Monthly Debt Service$44,498.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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