First Fidelity Bank Provides $19.5M Refinance Loan For Tucson Office Property
FINANCED
$19,500,000
Arizona
See Similar DealsOffice
Financed 01/08/2023
FINANCED
First Fidelity Bank Provides $19.5M Refinance Loan For Tucson Office Property
1730 East River Road
See Similar DealsOffice
Financed 01/08/2023
Summary
ARIZONA
Asset Type:Office
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$19,500,000.00
Monthly NOI$130,000.00
Monthly Debt Service$123,253.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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