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Trident Capital Partners Secures $13.25M Refinance For Scottsdale Towne Center Retail Property
FINANCED
$13,250,000
Arizona
See Similar DealsRetail168,090 SF
Financed
FINANCED
Trident Capital Partners Secures $13.25M Refinance For Scottsdale Towne Center Retail Property
15444 North Frank Lloyd Wright Boulevard
See Similar DealsRetail168,090 SF
Financed
Summary
ARIZONA
Asset Type:Retail
Price Per Square Foot:$78
Total Square Footage:168090 SF
Transaction Type:Loan
Scottsdale Towne Center is a retail property located at 15444 North Frank Lloyd Wright Boulevard in Scottsdale, AZ. The asset encompasses 168,090 square feet and is currently 99% leased, featuring tenants such as Ross, T.J. Maxx, and Mountainside Fitness.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,250,000
- Loan Type: Refinance
- Landlord: Trident Capital Partners
Trident Capital Partners arranged a non-recourse refinance for Scottsdale Towne Center, facilitating financial flexibility for the property. This transaction underscores the ongoing investment interest in retail properties within the Scottsdale market.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,250,000.00
Monthly NOI$88,333.33
Monthly Debt Service$83,749.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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