Brian Anderson Of Progress Capital Arranges $11M Acquisition Loan In Newington, CT
FINANCED
$11,000,000
Connecticut
See Similar DealsRetail380,000 SF
Financed 05/01/2024
FINANCED
Brian Anderson Of Progress Capital Arranges $11M Acquisition Loan In Newington, CT
172 Kitts Lane & 206 Kitts Lane
See Similar DealsRetail380,000 SF
Financed 05/01/2024
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$28
Total Square Footage:380,000 SF
Transaction Type:Loan
The property located at 172-206 Kitts Lane in Newington, CT, is a retail asset with a square footage of 190,000. The landlord of this property is Kodi Traver. The recent transaction involving this property was a loan for acquisition purposes, with a loan amount of $11,000,000.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $11,000,000
- Address: 172-206 Kitts Lane
- Market: Newington, CT
- Asset Type: Retail
- Square Footage: 190,000
- Landlord: Kodi Traver
- Broker: Brian Anderson - Progress Capital
- Loan Type: Acquisition
The broker representing the deal for this property transaction is Brian Anderson from Progress Capital.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,000,000.00
Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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