Updated May 12, 2025
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
Los Angeles Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Browse Los Angeles retail loans on Traded.
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