Flushing Bank Provides $5.5M B Note Loan For Retail Property In Avon, CT
315 W Main St
$5,500,000
$47/SF
Building Size
115,258 SF
Asset Type
Retail
Closing
Mar 31, 2023
About this deal
AI
The retail property located at 315 W Main St in Avon, CT has been involved in a recent loan transaction. The property spans across 115,258 square feet and is owned by Paramount Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000
Flushing Bank provided a loan of $5,500,000 to the property owner, Paramount Realty. The loan type is a B Note.
The broker representative in this deal is Morris Dweck from KSR Capital. For any financing opportunities, interested parties can contact Morris Dweck at [email protected].
Players
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93