Brendan Sciarra's Retail Property At 127 W Rio Grande Avenue Secures $14M Refinance Loan
127 Rio Grande Avenue
$14,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 25, 2025
AI
The property asset involved in this transaction is located at 127 W Rio Grande Avenue in Wildwood. This retail space has a loan amount of $14,000,000 and is part of a refinancing deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,000,000
- Loan Type: Refinance
- Landlord: Brendan Sciarra
- Broker Representatives: Mike Hennessy & Adam Kaplan - Scouter Capital
This transaction was executed with the involvement of key individuals. Mike Hennessy and Adam Kaplan serve as the broker representatives, facilitating the loan process on behalf of the landlord, Brendan Sciarra.
Players
Wildwood 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93