facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Retail

/

Loan

/

127 Rio Grande Avenue

Brendan Sciarra's Retail Property At 127 W Rio Grande Avenue Secures $14M Refinance Loan
FINANCEDRetail

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

Adam Kaplan

Scouter Capital

Broker

$86.8M

vol

6 deals

Broker
Scouter Capital
Scouter Capital Brokerage

Wildwood Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

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