Gantry Brokers Refinance Loan For Retail Property On Pacific Coast Hwy
FINANCED
$33,300,000
California
See Similar DealsRetail296,958 SF
Financed 02/15/2022
FINANCED
Gantry Brokers Refinance Loan For Retail Property On Pacific Coast Hwy
6270 Pacific Coast Highway, Long Beach, California 90803, United States
See Similar DealsRetail296,958 SF
Financed 02/15/2022
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$112
Total Square Footage:296,958 SF
Transaction Type:Loan
Located at 6270-6380 Pacific Coast Hwy in Long Beach, this retail property covers approximately 296,958 square feet. The property recently underwent a refinancing transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $33,300,000
- Address: 6270-6380 Pacific Coast Hwy, Long Beach
- Market: Long Beach
- BROKERS: George Mitsanas, Peter Hillakas & Austin Ridge - Gantry
The refinancing loan amount for this transaction was $33,300,000. The loan type was a refinance loan. George Mitsanas, Peter Hillakas, and Austin Ridge from Gantry acted as the brokers for this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$33,300,000.00
Monthly NOI$222,000.00
Monthly Debt Service$210,478.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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