Gindi Capital & Nakash Holdings Secures $56 Million Refinance Loan From Bank Of America
3747 South Las Vegas Boulevard
$56,000,000
Building Size
—
Asset Type
Retail
Closing
Oct 19, 2025
AI
The asset involved in this transaction is a retail property located at 3747 South Las Vegas Boulevard in Las Vegas, NV. The loan amount for this refinancing transaction is $56,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $56,000,000
- Lender: Bank of America
- Landlord: Gindi Capital & Nakash Holdings
- Brokers: Nick Scribani, Ricky Braha & Adam Doneger - Newmark
- Loan Type: Refinance
The deal involves multiple key individuals, including Eli Gindi, Joseph Nakash, along with the brokers representing the transaction. The brokers play a crucial role in facilitating the deal, ensuring all terms and negotiations are managed appropriately within the realm of commercial real estate.
Players
Las Vegas 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93