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2850 Stevens Creek Blvd San...

Updated May 12, 2025

First Financial Capital Provides $6.7M Acquisition Loan For Retail Property On Stevens Creek Boulevard
FINANCEDRetail

First Financial Capital Provides $6.7M Acquisition Loan For Retail Property On Stevens Creek Boulevard

2850 Stevens Creek Blvd San Jose, CA 95128, USA

$6,710,000

$286/SF

Building Size

23,435 SF

Asset Type

Retail

Closing

Jul 13, 2023

About this deal

AI

The asset involved in the transaction is a retail property located at 2850 Stevens Creek Boulevard, San Jose. It encompasses a total square footage of 23,435. The lender for this deal is First Financial Capital, represented by Faraz Ghadooshahy, facilitating an acquisition loan amounting to $6,710,000 with specific loan terms including interest only, no prepayment penalty, and no exit fee.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,710,000
  • Loan Type: Acquisition
  • Lender: First Financial Capital - Faraz Ghadooshahy
  • Landlord: Steven Park
  • Loan Terms: Interest Only, No Prepayment Penalty, No Exit Fee

This transaction highlights the roles of key individuals involved, where Faraz Ghadooshahy represents First Financial Capital in the lending process. Steven Park is designated as the landlord associated with this property deal.

Players

First Financial Capital
First Financial CapitalLender

Los Angeles Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Deal FAQ

About $286 per square foot on a published $6.7M for 23,435 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.36%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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