Easthampton Savings Bank Provides $8.98M Acquisition Loan For Retail Property In Milford, CT
FINANCED
$8,980,000
+ 1
Connecticut
See Similar DealsRetail180,315 SF
Financed 01/21/2022
FINANCED
Easthampton Savings Bank Provides $8.98M Acquisition Loan For Retail Property In Milford, CT
155 Cherry St, Milford, Connecticut 06460, United States
See Similar DealsRetail180,315 SF
Financed 01/21/2022
+ 1
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$49
Total Square Footage:180,315 SF
Transaction Type:Loan
A retail property located at 155-22 Cherry St in Milford, CT has recently been involved in a loan transaction. The property spans an area of 180,315 square feet and is situated in the Milford market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,980,000
- Loan Type: Acquisition
The loan for this transaction was provided by Easthampton Savings Bank. The landlord, Northpath Investments represented by Gershon Alexander, was involved in the deal. The brokers responsible for the transaction were Michael Klein, Max Custer, and Ryan Carroll from JLL.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,980,000.00
Monthly NOI$59,866.67
Monthly Debt Service$56,759.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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