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Gantry Secures $7.8M Refinance Loan For Retail Space In Tucson's The Shoppes At Continental Ranch
FINANCED
$7,800,000
Arizona
See Similar DealsRetail52,774 SF
Financed 11/27/2023
FINANCED
Gantry Secures $7.8M Refinance Loan For Retail Space In Tucson's The Shoppes At Continental Ranch
9110 Silverbell Road & 9150 Silverbell Road
See Similar DealsRetail52,774 SF
Financed 11/27/2023
Summary
ARIZONA
Asset Type:Retail
Price Per Square Foot:$147
Total Square Footage:52,774 SF
Transaction Type:Loan
Gantry has successfully secured a $7.8 million permanent loan to refinance 26,387 square feet of retail space in The Shoppes at Continental Ranch. The property is located at 9110-9150 Silverbell Road in Marana, a suburb of Tucson, Arizona.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,800,000
- Loan Type: Refinance
- Loan Terms: 10-year permanent loan
The loan was facilitated by brokers Alex Poulos and Tony Kaufmann from Gantry. They represented the parties involved in the deal and successfully secured the financing for the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,800,000.00
Monthly NOI$52,000.00
Monthly Debt Service$49,301.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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