Brian Anderson & Eddie Miro Of Progress Capital Arrange $13.5M Acquisition Loan In Troy
120 Hoosick Street
$13,500,000
$104/SF
Building Size
129,059 SF
Asset Type
Retail
Closing
Mar 1, 2024
AI
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
Troy 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93