FINANCEDRetail
Marcus & Millichap Capital Corp Arranges $5.37M Loan For Multifamily & Retail Portfolio In New Haven, Hamden, Houston, And Andrews
New Haven, Connecticut, United States
$5,370,000
Building Size
—
Asset Type
Retail
Closing
Mar 16, 2022
AI
The Multifamily & Retail Portfolio located in New Haven & Hamden, CT; Houston, TX; and Andrews, South Carolina has recently closed a loan transaction.
Summary of transaction details:
- Property Type: Multifamily & Retail
- Loan Amount: $5,370,000
- Market: New Haven & Hamden, CT; Houston, TX; Andrews, South Carolina
- Broker: Robert Noeldechen - Marcus & Millichap Capital Corporation
Robert Noeldechen from Marcus & Millichap Capital Corporation represented the parties involved in this loan transaction. The loan amount for this deal was $5,370,000.
New 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
2.95%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93