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1901 Silverada Boulevard

Gantry Arranges $12.7M Construction Loan For North Reno Plaza Retail
FINANCEDRetail

Gantry Arranges $12.7M Construction Loan For North Reno Plaza Retail

1901 Silverada Boulevard

$12,700,000

$97/SF

Building Size

130,000 SF

Asset Type

Retail

Closing

Apr 16, 2024

AI

The $12.7 million bridge loan facilitated by Gantry for North Reno Plaza will support ongoing construction and leasing efforts at the retail property located at 1901 Silverada Boulevard in Reno, NV.

Summary of transaction details:

Gantry spearheaded the $12.7 million bridge loan for North Reno Plaza, a shopping center in Reno. The deal was facilitated to bolster the continued development and leasing activities at the property.

Players

Charlie Kokernak

Broker

$149.7M

vol

4 deals

Broker

Reno 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

1.25%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93