Gantry Arranges $23M Permanent Loan For Retail Property In Vacaville, CA
FINANCED
$23,000,000
California
See Similar DealsRetail400,000 SF
Financed 11/02/2022
FINANCED
Gantry Arranges $23M Permanent Loan For Retail Property In Vacaville, CA
2098 Harbison Drive
See Similar DealsRetail400,000 SF
Financed 11/02/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$57
Total Square Footage:400,000 SF
Transaction Type:Loan
The property involved in the transaction is a retail asset located at 2098 Harbison Dr in Vacaville, CA. It has a total area of 400,000 square feet and is situated in the market of Vacaville, CA.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,000,000
- Loan Type: Permanent Loan
- Loan Terms: 10-year, fixed-rate loan, featuring an interest-only period transitioning to 30-year amortization
Tom Dao & Erinn Cooke from Gantry acted as the brokers in this transaction. They facilitated the loan process for the retail property located at 2098 Harbison Dr in Vacaville, CA. The loan amount was $23,000,000 and it was a permanent loan with terms of 10 years. The loan featured a fixed interest rate and an interest-only period, transitioning to a 30-year amortization.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,000,000.00
Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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