Brian Anderson & Eddie Miro Of Progress Capital Arrange $13.5M Acquisition Loan In Troy
FINANCED
$13,500,000
New York
See Similar DealsRetail129,059 SF
Financed 03/01/2024
FINANCED
Brian Anderson & Eddie Miro Of Progress Capital Arrange $13.5M Acquisition Loan In Troy
120 Hoosick Street
See Similar DealsRetail129,059 SF
Financed 03/01/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$104
Total Square Footage:129,059 SF
Transaction Type:Loan
The property located at 120 Hoosick Street in Troy is a retail asset covering 129,059 square feet. The recent transaction involved an acquisition loan amounting to $13,500,000 with a fixed 6.80% rate for 5 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,500,000
- Address: 120 Hoosick Street
- Market: Troy
- Loan Type: Acquisition
- Loan Terms: 6.80% Rate Fixed for 5-Years
- Brokers: Brian Anderson & Eddie Miro - Progress Capital
The loan was facilitated by Brian Anderson and Eddie Miro from Progress Capital, showcasing their expertise in handling financing for property acquisitions.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,500,000.00
Monthly NOI$90,000.00
Monthly Debt Service$85,329.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions