facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Connecticut

/

Medical Office

/

Loan

/

1281 East Main Street Stamf...

Faros Properties Secures $14.5M Refinance Loan For Stamford Medical Office
FINANCEDMedical Office

Faros Properties Secures $14.5M Refinance Loan For Stamford Medical Office

1281 East Main Street Stamford, Ct 06902, Usa

$14,500,000

$198/SF

Building Size

73,060 SF

Asset Type

Medical Office

Closing

Sep 11, 2023

AI

Holly Pond Plaza, a 73,060-square-foot medical office building located at 1281 East Main Street in Stamford, Connecticut, has secured a $14.5 million refinancing deal. The loan was obtained through a five-year, fixed-rate loan provided by Silicon Valley Bank.

Summary of transation details

  • Property Type: Medical Office
  • Transaction Amount: $14,500,000
  • Address: 1281 East Main Street, Stamford, CT
  • Market: Stamford, CT

The landlord of Holly Pond Plaza is Faros Properties, represented by Jeremy Leventhal. Acting as the broker in this transaction is Jonathan Schneider of JLL.

Players

Jonathan Schneider

Boston Realty Advisors

Broker

$256.8M

vol

9 deals

Broker
Silicon Valley Bank
Silicon Valley BankLender

Poultney Medical Office Market Snapshot

Boundary boundary · Medical Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93