Casimir Groblewski & Colin Monahan Of Fantini & Gorga Arrange $3.5M Loan For Swampscott Retail Property At 430 Paradise Rd
430 Paradise Road, Swampscott, Massachusetts 01907, United States
$3,477,500
Building Size
—
Asset Type
Retail
Closing
May 8, 2022
AI
A retail property located at 430 Paradise Rd in Swampscott, MA recently closed in a transaction. The loan amount for this deal was $3,477,500. The property is situated in a bustling market and offers potential for various retail opportunities.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,477,500
- Address: 430 Paradise Rd, Swampscott, MA
- Market: Swampscott, MA
The deal was facilitated by brokers Casimir Groblewski and Colin Monahan from Fantini & Gorga. They played a crucial role in bringing together the parties involved in this successful transaction, ensuring a smooth and efficient process.
Players
Swampscott 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
4.56%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93