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Gantry Arranges $12.7M Construction Loan For North Reno Plaza Retail
FINANCED
$12,700,000
Nevada
See Similar DealsRetail130,000 SF
Financed 04/16/2024
FINANCED
Gantry Arranges $12.7M Construction Loan For North Reno Plaza Retail
1901 Silverada Boulevard
See Similar DealsRetail130,000 SF
Financed 04/16/2024
Summary
NEVADA
Asset Type:Retail
Price Per Square Foot:$97
Total Square Footage:130,000 SF
Transaction Type:Loan
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:
- Property Type: Retail
- Transaction Amount: $12,700,000
- Address: 1901 Silverada Boulevard
- Market: Reno, NV
- Brokers: Andrew Ferguson, Tony Kaufmann & Charlie Kokernak - Gantry
- Loan Type: Construction
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,700,000.00
Monthly NOI$84,666.67
Monthly Debt Service$80,272.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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