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Common Bond Development Group Secures $16.5M Loan For Retail Center In Surprise AZ
FINANCED
$16,500,000
Arizona
See Similar DealsRetail
Financed 02/13/2025
FINANCED
Common Bond Development Group Secures $16.5M Loan For Retail Center In Surprise AZ
17124 West Peoria Avenue
See Similar DealsRetail
Financed 02/13/2025
Summary
ARIZONA
Asset Type:Retail
Transaction Type:Loan
The property involved in this transaction is a fully leased retail center anchored by Safeway, located at 17124 West Peoria Avenue, Surprise, AZ. The asset is categorized as retail and has a loan amount of $16,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,500,000
- Address: 17124 West Peoria Avenue
- Market: Surprise, AZ
- Landlord: Common Bond Development Group
- Broker: Jason Carlos - JLL
JLL Capital Markets was responsible for securing the senior financing for this transaction, with Jason Carlos leading the Debt Advisory team. The loan was arranged through Nationwide, highlighting the collaborative efforts of the involved parties in securing this financial agreement.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,500,000.00
Monthly NOI$110,000.00
Monthly Debt Service$104,291.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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