First Fidelity Bank Provides $19.5M Refinance Loan For Tucson Office Property
1730 East River Road
$19,500,000
Building Size
—
Asset Type
Office
Closing
Jan 8, 2023
About this deal
AI
The office property located at 1730-1880 E River Road in Tucson, AZ has undergone a refinancing transaction. First Fidelity Bank provided a loan amount of $19,500,000 for the refinance.
Summary of transation details
- Property Type: Office
- Transaction Amount: $19,500,000
- Lender: First Fidelity Bank
- Brokers: Matt Douglas - Venture West Funding
Matt Douglas of Venture West Funding served as the broker for this transaction.
The office loan at 1730 East River Road in Tucson, Arizona financed for $19.5M in 2023. 1730 East River Road is classified as Office on Traded. Matt Douglas, Venture West Funding appear on the loan alongside Venture West Funding. This page is the Tucson, Arizona file for the 1730 East River Road office financed: pricing, party profiles, and other closed office comps from the same Tucson sit in the Market section below. Filter that Tucson office set by closing date to see what else financed near 1730 East River Road around 2023. Published consideration for 1730 East River Road is $19.5M, dated 2023. Cite this First Fidelity Bank Provides $19.5M Refinance Loan For Tucson Office Property loan when underwriting similar office product around Tucson, Arizona.
Tucson Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93