Gantry Arranges $29.2M Refinance Loan For Goodyear Retail Center
15277 West Mcdowell Road & 15475 West Mcdowell Road
$29,200,000
$45/SF
Building Size
640,000 SF
Asset Type
Retail
Closing
Jun 27, 2024
AI
The Haagen Company secured a $29.2 million permanent loan to refinance Goodyear Centerpointe, a 320,000-square-foot retail center located at 15277-15475 West Mcdowell Road in Goodyear, AZ. The loan, facilitated by Gantry, is a 20-year fixed-rate loan covering tenants such as Conn’s Appliances and EOS Fitness. It includes a 20-year amortization schedule and a prepayment stepdown after 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $29,200,000
- Market: Goodyear, AZ
- Loan Type: Refinance
- Loan Terms: 20-year, fixed-rate loan
- Brokers: Alicia Sabanero, Braden Turnbull & Patrick Barkley - Gantry
Gantry played a pivotal role in arranging the $29.2 million permanent loan for the Haagen Company to refinance the retail center. Alicia Sabanero, Braden Turnbull, and Patrick Barkley from Gantry served as the brokers in the transaction, ensuring a successful refinancing deal for Goodyear Centerpointe. In addition to the well-structured loan terms, the involvement of these professionals highlights the expertise and efficiency behind the financial arrangement.
Players
Goodyear 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
0.54%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93