CEC Bank Provides €10.5M Loan For Residential Property In Timișoara
Strada Aurel Pop, Timișoara 300600, Timiș, Romania
$10,500,000
Building Size
—
Asset Type
Co-Op
Closing
Feb 2, 2022
About this deal
AI
Located at Strada Aurel Pop nr. 13, Timișoara 300627, this residential property in Romania has recently undergone a financial transaction. The property is owned by Romanian Vox Property Group and the transaction was facilitated through a loan provided by CEC Bank.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: €10,500,000
- Lender: CEC Bank
- Landlord: Romanian Vox Property Group
The loan amount of €10,500,000 was provided by CEC Bank to facilitate the transaction involving this residential property owned by Romanian Vox Property Group. The property is located at Strada Aurel Pop nr. 13, Timișoara 300627 in Romania.
Players
Market Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93