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
About this deal
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:
- 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.
On the Map
$12,700,000
$97/SF
Retail
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Players
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