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
Poultney Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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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