Gantry Arranges $14.2M Refinance Loan For Retail Center In Milpitas
1195 E Calaveras Blvd Milpitas, CA 95035, USA
$14,200,000
$295/SF
Building Size
48,000 SF
Asset Type
Retail
Closing
Aug 15, 2023
AI
A $14.2 million permanent loan has been secured by Gantry to refinance a retail center in Milpitas. The property, located at 1195 East Calaveras Boulevard, spans 48,000 square feet and is situated in the Milpitas market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,200,000
- Address: 1195 East Calaveras Boulevard
- Market: Milpitas
- Loan Type: Refinance
- Loan Terms: Fixed-rate
Gantry's San Francisco office arranged the loan, which was provided by a regional bank. The loan aims to retire a previous debt facility from 2018.
Players
Milpitas 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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93