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

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FINANCED
$6,710,000

California

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Retail23,435 SF
Financed 07/13/2023
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Property Image
FINANCED

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

2850 Stevens Creek Blvd San Jose, CA 95128, USA

See Similar Deals
Retail23,435 SF
Financed 07/13/2023
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$286
Total Square Footage:23,435 SF
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Faraz Ghadooshahy DATE: 07/13/2023 ADDRESS: 2850 Stevens Creek Boulevard MARKET: San Jose ASSET TYPE: Retail ~ SF: 23,435 LENDER: First Financial Capital - Faraz Ghadooshahy (@Farazghad) LANDLORD: Steven Park LOAN AMOUNT: $6,710,000 LOAN TYPE: Acquisition LOAN TERMS: Interest Only, No Prepayment Penalty, No Exit Fee,

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,710,000.00

Monthly NOI$44,733.33
Monthly Debt Service$42,411.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00