Updated Nov 27, 2024
Marcus & Millichap Capital Corporation Provides $8.75M Refinance Loan For Retail & Office Property In Medford, MA
127 Main Street, Medford, Massachusetts 02155, United States
$8,750,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 3, 2022
About this deal
AI
A retail and office property located at 127-137 Main Street in Medford, MA has recently undergone a loan refinancing transaction. The loan, facilitated by Marcus & Millichap Capital Corporation, was made for an amount of $8,750,000. The loan term spans 10 years and has a loan-to-value (LTV) ratio of 63 percent.
Summary of transaction details:
- Property Type: Retail & Office
- Transaction Amount: $8,750,000
- Address: 127-137 Main Street, Medford, MA
- Market: Medford, MA
The loan was facilitated by Robert Bhat from Marcus & Millichap Capital Corporation. This refinancing deal provides the property owner with the opportunity to leverage their retail and office asset for future financial advantages.
Players
Medford Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93