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430 Paradise Road, Swampsco...

Casimir Groblewski & Colin Monahan Of Fantini & Gorga Arrange $3.5M Loan For Swampscott Retail Property At 430 Paradise Rd
FINANCEDRetail

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

Casimir Groblewski

Fantini & Gorga

Broker

$153.1M

vol

10 deals

Broker

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