First National Bank Provides $2.26M Loan For Retail Property In Pageland, SC - Brian Anderson & Eddie Miro Of Progress Capital Represent Buyer And Landlord Anupam Gupta
FINANCED
$2,260,000
South Carolina
See Similar DealsRetail35,914 SF
Financed 03/21/2022
FINANCED
First National Bank Provides $2.26M Loan For Retail Property In Pageland, SC - Brian Anderson & Eddie Miro Of Progress Capital Represent Buyer And Landlord Anupam Gupta
501 Pearl Street, Pageland, South Carolina 29728, United States
See Similar DealsRetail35,914 SF
Financed 03/21/2022
Summary
SOUTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$62
Total Square Footage:35,914 SF
Transaction Type:Loan
Located at 501 South Pearl Street in Pageland, SC, this retail property spans a total of 35,914 square feet. The transaction took place on March 21, 2022, with Brian Anderson and Eddie Miro representing the buyer and seller respectively. The property was acquired by Anupam Gupta, who secured a loan from First National Bank in the amount of $2,260,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,260,000
- Lender: First National Bank
- Landlord: Anupam Gupta
- Brokers: Brian Anderson & Eddie Miro - Progress Capital
The acquisition loan provided by First National Bank facilitated the purchase of this retail property by Anupam Gupta. Brian Anderson and Eddie Miro of Progress Capital played crucial roles as brokers in the deal, representing the buyer and seller respectively.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,260,000.00
Monthly NOI$15,066.67
Monthly Debt Service$14,284.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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