Banco Popular Provides $1,969,500 Loan For Mixed-use Property At 323 Recinto Sur In San Juan
323 Recinto Sur
$1,969,500
$154/SF
Building Size
12,744 SF
Asset Type
Mixed-use
Closing
May 9, 2025
AI
The asset involved in this transaction is a mixed-use property located at 323 Recinto Sur in the San Juan market. The loan amount associated with this property is $1,969,500.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,969,500.00
- Address: 323 Recinto Sur
- Market: San Juan
- Lender: Banco Popular
- Lender Representative: Travis Schelhorn
- Broker: Michael J. Gefter
Key individuals involved in this transaction include Michael J. Gefter, who acted as the broker, and Travis Schelhorn, representing the lender, Banco Popular. Their involvement was crucial to facilitating the loan for the mixed-use property located at 323 Recinto Sur.
Players
San Juan Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.05%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93