Updated Oct 29, 2024
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
About this deal
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.
On the Map
$14,500,000
$198/SF
Medical Office
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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