CapStar Bank Provides $4.9M Loan For Retail Property In Buffalo, NY With Broker Yaakov Zar & Gunnar Wilmot Of EvCapital

A retail property located at 2000 Kensington Avenue in Buffalo, NY, was involved in a recent closed transaction. The property, situated in the Buffalo market, was part of a loan deal.

Summary of transaction details:

• Property Type: Retail
• Loan Amount: $4,900,000
• Loan Terms: 63% LTV, 10 years fixed, 30 year AM, 3.5% rate, Flexible Pre-Pay & partial recourse
• Lender: CapStar Bank 🏦
• Broker: Yaakov Zar & Gunnar Wilmot from evCapital

The loan, provided by CapStar Bank, amounted to $4,900,000 and had favorable terms such as a 63% loan-to-value ratio, a fixed term of 10 years, a 30-year amortization schedule, and a 3.5% interest rate. The loan also offered flexible pre-payment options and partial recourse.