Marcus & Millichap Capital Corporation Refinances Mixed Use Property In Waterloo, IA For $13.46M
335 Cedar Street, Waterloo, Iowa 50701, United States
$13,460,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 21, 2022
About this deal
AI
A mixed-use property located at 335 Cedar St in Waterloo, IA has recently undergone a refinancing transaction. The property consists of both residential and commercial spaces and is situated in the Waterloo market.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $13,460,000
- Loan Type: Refinancing
- Broker: Robert Bhat - Marcus & Millichap Capital Corporation
Robert Bhat from Marcus & Millichap Capital Corporation represented the parties involved in the loan refinancing deal.
The mixed use loan at 335 Cedar Street, Waterloo, Iowa 50701, United States in Waterloo, Iowa financed for $13.5M in 2022. 335 Cedar Street, Waterloo, Iowa 50701, United States is classified as Mixed Use on Traded. Robert Bhat, Marcus & Millichap appear on the loan alongside Marcus & Millichap. This page is the Waterloo, Iowa file for the 335 Cedar Street, Waterloo, Iowa 50701, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Waterloo sit in the Market section below. Filter that Waterloo mixed use set by closing date to see what else financed near 335 Cedar Street, Waterloo, Iowa 50701, United States around 2022. Published consideration for 335 Cedar Street, Waterloo, Iowa 50701, United States is $13.5M, dated 2022. Cite this Marcus & Millichap Capital Corporation Refinances Mixed Use Property In Waterloo, IA For $13.46M loan when underwriting similar mixed use product around Waterloo, Iowa.
Waterloo Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Browse Iowa mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93