Garrett Fierstein Of Marcus & Millichap Capital Corp Secures $3.9M Refinance Loan For Retail Center In Clermont
$3,900,000
$251/SF
Building Size
15,520 SF
Asset Type
Retail
Closing
Sep 18, 2025
AI
A refinancing loan of $3.9 million was arranged for a retail strip center, comprising 15,520 square feet, located at 9350 U.S. 192 in Clermont, FL. The asset is positioned in a market known for its diverse retail offerings.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,900,000
- Loan Type: Refinance
- Loan Terms: 10-year, 25-year amortization
- Broker: Garrett Fierstein
- Agency: Marcus & Millichap Capital Corp
Garrett Fierstein secured the loan through a national credit union on behalf of a private borrower, showcasing the firm's ability to facilitate financing for commercial real estate projects.
Market 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93