CapStar Bank Provides $4.7M Refinance Loan For Retail Property On Connecticut Blvd. In East Hartford, CT
20 Connecticut Boulevard, East Hartford, Connecticut 06108, United States
$4,700,000
$391/SF
Building Size
12,000 SF
Asset Type
Retail
Closing
May 31, 2022
AI
The retail property located at 20 Connecticut Blvd. in East Hartford, CT has recently undergone a refinancing transaction. The property spans an area of 12,000 square feet and is situated in the East Hartford market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,700,000
- Loan Type: Refinance
In order to facilitate the refinancing, CapStar Bank provided a loan amount of $4,700,000. The loan was secured for the retail property located at 20 Connecticut Blvd. in East Hartford, CT. Jake Lapidot from Cooper-Horowitz served as the broker in this transaction, representing the parties involved.
Players
East Hartford Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93