Marcus & Millichap Capital Corp Secures $17M Refinance For Retail Portfolio In Silver Spring MD And Fairfax VA
$17,000,000
Building Size
—
Asset Type
Retail
Closing
Apr 7, 2025
About this deal
AI
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.
Market 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93