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TR Hazelrigg Of Avatar Financial Group Provides $11.125M Loan For Retail Gas Stations
FINANCED
$11,125,000
Illinois
See Similar DealsRetail
Financed
FINANCED
TR Hazelrigg Of Avatar Financial Group Provides $11.125M Loan For Retail Gas Stations
470 Dundee Avenue, 860 West Army Trail Road & 1100 West Stearns Road
See Similar DealsRetail
Financed
Summary
ILLINOIS
Asset Type:Retail
Transaction Type:Loan
The transaction involves three BP-branded gas stations located at 470 Dundee Avenue, 860 West Army Trail Road, and 1100 West Stearns Road in the Chicago metro area. The asset type is retail, and the loan amount for the financing is $11,125,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,125,000
- Lender: TR Hazelrigg - Avatar Financial Group
- Loan Terms: two-year interest-only
- Loan-to-Value Ratio (LTV): 61%
- Market: Elgin, Carol Stream & Bartlett
Avatar Financial Group LLC facilitated the bridge loan, allowing the operator to refinance maturing debt and release a fourth cross-collateralized property for disposition or refinance, highlighting the financial acumen utilized in this transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,125,000.00
Monthly NOI$74,166.67
Monthly Debt Service$70,317.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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