Union Savings Bank Provides $15.25M Refinance Loan For Westport, CT Retail Property
FINANCED
$15,250,000
Connecticut
See Similar DealsRetail40,000 SF
Financed 06/24/2022
FINANCED
Union Savings Bank Provides $15.25M Refinance Loan For Westport, CT Retail Property
275 Post Road East, Westport, Connecticut 06880, United States
See Similar DealsRetail40,000 SF
Financed 06/24/2022
Summary
CONNECTICUT
Asset Type:Retail
Price Per Square Foot:$381
Total Square Footage:40,000 SF
Transaction Type:Loan
The retail property located at 275 Post Rd E in Westport, CT has recently undergone a refinancing transaction. The property spans approximately 40,000 square feet and is owned by The HB Nitkin Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,250,000
- Date: 06/24/2022
- Lender: Union Savings Bank - Jo-Anne Smith
- Landlord: The HB Nitkin Group
- Brokers: Mark Fisher & Alex Furnary - CBRE
Mark Fisher & Alex Furnary from CBRE represented the parties involved in the refinancing deal of this retail property. No further details regarding the transaction were provided.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,250,000.00
Monthly NOI$101,666.67
Monthly Debt Service$96,390.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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