Evan Rafinia Secures $3,525,000 Loan For Retail Acquisition At 440 Plaza Drive In Mount Vernon
440 Plaza Drive
$3,525,000
$41/SF
Building Size
85,595 SF
Asset Type
Retail
Closing
Aug 26, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 440 Plaza Drive, Mount Vernon, IN. The property has a total square footage of 85,595 and is linked to a loan amount of $3,525,000 designated for acquisition purposes.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,525,000
- Loan Type: Acquisition
- Borrower: Evan Rafinia
- Broker: Kevin Hakimi - Elite Capital Advisors
- Borrower’s Attorney: Benjamin Sedaghatzandi - Hakimi Law
- Date of Transaction: 08/26/2026
Key individuals involved in the transaction include Evan Rafinia as the borrower, Kevin Hakimi representing Elite Capital Advisors as the broker, and Benjamin Sedaghatzandi from Hakimi Law acting as the borrower’s attorney. Their roles were critical in facilitating the acquisition of the retail property.
Mount Vernon 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
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93