CapStar Bank Provides $4.7M Refinance Loan For Retail Property On Connecticut Blvd. In East Hartford, CT
FINANCED
$4,700,000
Connecticut
See Similar DealsRetail12,000 SF
Financed 06/01/2022
FINANCED
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
See Similar DealsRetail12,000 SF
Financed 06/01/2022
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$391
Total Square Footage:12,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,700,000.00
Monthly NOI$31,333.33
Monthly Debt Service$29,707.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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