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Marcus & Millichap Capital Corp Secures $17M Refinance For Retail Portfolio In Silver Spring MD And Fairfax VA
FINANCED
$17,000,000
Maryland
See Similar DealsRetail
Financed 04/07/2025
FINANCED
Marcus & Millichap Capital Corp Secures $17M Refinance For Retail Portfolio In Silver Spring MD And Fairfax VA
Retail
Financed 04/07/2025
Summary
Asset Type:Retail
Transaction Type:Loan
The asset involved in this transaction is a retail portfolio consisting of nine properties with a total of 71,000 square feet located in the markets of Silver Spring, MD, and Fairfax, VA. The total loan amount secured for refinancing these properties is $17,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,000,000
- Loan Type: Refinance
- Broker: Jared Cassidy - Marcus & Millichap
Marcus & Millichap Capital Corp. facilitated the refinancing of the retail portfolio, indicating the involvement of a prominent financial entity in securing the loan for the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,000,000.00
Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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