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Marcus & Millichap Secures $5.41M Refinancing For CVS-occupied Retail Property In North Attleboro
FINANCED
$5,414,500
Massachusetts
See Similar DealsRetail
Financed 09/17/2024
FINANCED
Marcus & Millichap Secures $5.41M Refinancing For CVS-occupied Retail Property In North Attleboro
8 East Washington Street
See Similar DealsRetail
Financed 09/17/2024
Summary
MASSACHUSETTS
Asset Type:Retail
Transaction Type:Loan
A CVS-occupied retail property located at 8 East Washington Street in North Attleboro, MA is involved in a refinance transaction. The property has secured a loan amount of $5,414,500 with a fixed interest rate of 5.29% for a term of 10 years, along with a 30-year amortization and a loan-to-value ratio of 65%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,414,500
- Loan Type: Refinance
- Loan Term: 10 years
- Interest Rate: 5.29%
- Amortization Period: 30 years
- Loan-to-Value Ratio: 65%
- Address: 8 East Washington Street
- Market: North Attleboro, MA
Christopher Marks and Steve Filippo from Marcus & Millichap represented the financing side of the transaction through Marcus & Millichap Capital Corporation, facilitating the refinancing of the retail asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,414,500.00
Monthly NOI$36,096.67
Monthly Debt Service$34,223.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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