FINANCEDOffice
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
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.
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