TD Bank Provides $4.9M Perm Mortgage Loan For Retail Property In Stuart
957 Southeast Federal Highway
$4,995,000
Building Size
—
Asset Type
Retail
Closing
May 12, 2022
About this deal
AI
The retail property located at 957-963 Se Federal Highway in Stuart has recently undergone a closed transaction. The property, situated in a prime location, was involved in a loan deal.
Summary of transaction details
- Property Type: Retail
- Loan Amount: $4,995,000
- Loan Type: Perm Mortgage
- Loan Terms: 7 year term/25 year amortization, Open Prepayment
- Lender: TD Bank
- Brokers: Matt Buggenhagen & Jason Labriola - Meridian Capital Group
The loan deal for the retail property was facilitated by TD Bank. Matt Buggenhagen and Jason Labriola from Meridian Capital Group represented the parties involved in the transaction.
Players
Stuart, Fl 34994 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
3.18%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93