Brock Vandenberg Lends $1.23M To Talimar Financial For Retail Property Refinance In Redlands
FINANCED
California
See Similar DealsRetail2,239 SF
Financed
FINANCED
Brock Vandenberg Lends $1.23M To Talimar Financial For Retail Property Refinance In Redlands
1405 West Colton Avenue
See Similar DealsRetail2,239 SF
Financed
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$549
Total Square Footage:2239 SF
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 1405 West Colton Avenue in Redlands. The property has a square footage of 2,239 and is part of a refinance loan transaction amounting to $1,230,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,230,000
- Loan Type: Refinance
- Loan Terms: 12 months
- Lender: Brock Vandenberg
- Landlord: Talimar Financial
- Broker: Andrew Khan - Private Capital Partners
- Loan Range: $250K-10M
Key individuals in this transaction include Brock Vandenberg, who is the lender providing the refinance, and Andrew Khan, who represents Private Capital Partners as the broker for this deal. The landlord of the property is Talimar Financial.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,230,000.00
Monthly NOI$8,200.00
Monthly Debt Service$7,774.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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