Updated Dec 20, 2023
Axiom Capital Corp Arranges $11M Nonrecourse Loan For Retail Property On 300 Tunxis Hill Rd, Fairfield
300 Tunxis Hill Rd, Fairfield, CT, USA
$11,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 2, 2021
About this deal
AI
A retail property located at 300 Tunxis Hill Rd in Fairfield, CT was involved in a closed transaction. The property was subject to a nonrecourse, fixed-rate loan with a loan amount of $11,000,000. The loan terms included a 10-year term and 10 years of interest-only payments. The transaction was facilitated by Axiom Capital Corp.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,000,000
- Address: 300 Tunxis Hill Rd, Fairfield, CT
- Market: Fairfield, CT
Charles Cronin captured an image of the property related to the transaction.
Players
Fairfield Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93