Cronheim Mortgage Secures $23.5M Loan For Retail Property In North Haven, CT
200 Universal Dr N, North Haven, Connecticut 06473, United States
$23,500,000
$158/SF
Building Size
148,277 SF
Asset Type
Retail
Closing
Aug 18, 2022
AI
A permanent financing loan has been secured for a retail property located at 200 Universal Dr N in North Haven, CT. The property spans 148,277 square feet and is situated in the market of North Haven.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,500,000
- Address: 200 Universal Dr N, North Haven, CT
- Market: North Haven, CT
- Loan Type: Permanent financing
- Loan Terms: 10-year financing amortizes over 30 years
The loan was secured by Cronheim Mortgage, with representation provided by brokers Dev Morris, David Poncia, Allison Villamagna, and Andrew Stewart.
Players
North Haven 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93