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
About this deal
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.
On the Map
$13,500,000
$104/SF
Retail
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Players
Troy 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93