PCCP LLC Provides $83.9M Senior Loan For Gaithersburg Retail Property
FINANCED
$83,900,000
Maryland
See Similar DealsRetail
Financed 03/16/2022
FINANCED
PCCP LLC Provides $83.9M Senior Loan For Gaithersburg Retail Property
701 Russell Ave, Gaithersburg, Maryland 20877, United States
See Similar DealsRetail
Financed 03/16/2022
Summary
MARYLAND
Asset Type:Retail
Transaction Type:Loan
The retail property located at 701 Russell Ave in Gaithersburg, MD has recently undergone a significant transaction. The property spans across 102 acres and is owned by WRS Inc. represented by Scott Smith. It is situated in a bustling market, offering great potential for retail businesses.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $83,900,000
- Address: 701 Russell Ave, Gaithersburg, MD
- Market: Gaithersburg, MD
- Acres: 102
PCCP LLC provided a senior loan of $83,900,000 for this transaction. This loan from PCCP LLC will support the further development and growth of the retail property. The involvement of PCCP LLC in financing this project highlights their confidence in its potential success.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$83,900,000.00
Monthly NOI$559,333.33
Monthly Debt Service$530,305.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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