Capstar Provides $1.2M Loan For Retail Property At 2250 Niagara Falls Blvd. In Buffalo, NY
2250 Niagara Falls Boulevard
$1,238,451
$284/SF
Building Size
4,350 SF
Asset Type
Retail
Closing
Jun 10, 2021
AI
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.
Players
Tonawanda 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
12.81%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93