Capstar Provides $1.2M Loan For Retail Property At 2250 Niagara Falls Blvd. In Buffalo, NY
FINANCED
$1,238,451
New York
See Similar DealsRetail4,350 SF
Financed 06/10/2021
FINANCED
Capstar Provides $1.2M Loan For Retail Property At 2250 Niagara Falls Blvd. In Buffalo, NY
2250 Niagara Falls Boulevard
See Similar DealsRetail4,350 SF
Financed 06/10/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$284
Total Square Footage:4,350 SF
Transaction Type:Loan
Capstar has provided a loan of $1,238,451 for a retail property located at 2250 Niagara Falls Blvd. in Buffalo. The loan terms include a 10-year fixed term, 62% loan-to-value (LTV) ratio, 30-year amortization, and a 25% personal guarantee (PG) requirement. The property's market is Buffalo.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,238,451
- Lender: Capstar
- Address: 2250 Niagara Falls Blvd.
- Market: Buffalo
The landlord of the property is Havid Carrillo. Greysteel, represented by Romain Sinclair, acted as the broker in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,238,451.00
Monthly NOI$8,256.34
Monthly Debt Service$7,827.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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