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Security Service Federal Credit Union Provides $3.6M Acquisition Loan For Mixed-Use Property In Corpus Christi, TX

Property Image
FINANCED
$3,600,000

Texas

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Mixed-use7,930 SF
Financed 12/16/2021
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Property Image
FINANCED

Security Service Federal Credit Union Provides $3.6M Acquisition Loan For Mixed-Use Property In Corpus Christi, TX

1533 Holly Road, Corpus Christi, Texas 78417, United States

See Similar Deals
Mixed-use7,930 SF
Financed 12/16/2021
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Mixed-use
Price Per Square Foot:$454
Total Square Footage:7,930 SF
Transaction Type:Loan

Located at 1533 Holly Road in Corpus Christi, TX, this mixed-use property spans across 7,930 square feet. The transaction, which took place on December 16, 2021, involved an acquisition loan provided by Security Service Federal Credit Union.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $3,600,000
  • Loan Type: Acquisition loan
  • Loan Terms: 3.40%, 75% LTP
  • Lender: Security Service Federal Credit Union
  • Brokers: Alex Dobosh KSRealEstateAdvisors

The property, which is currently occupied by DaVita Dialysis under an Absolute Triple-Net Lease, was facilitated by Alex Dobosh of KSRealEstateAdvisors.

Players

Alex Dobosh
HKS Real Estate Advisors
Alex Dobosh
7 deals$128.7M volume
BROKER
Security Service Federal Credit Union
Security Service Federal Credit Union
LENDER

Details

FINANCED
IMAGE: Alex Dobosh DATE: 12/16/2021 ADDRESS: 1533 Holly Road MARKET: Corpus Christi, TX ASSET TYPE: Mixed-Use ~ SF: 7,930 LENDER: Security Service Federal Credit Union BROKERS: Alex Dobosh - @HKSRealEstateAdvisors LOAN AMOUNT: $3,600,000 LOAN TYPE: Acquisition loan LOAN TERMS: 3.40%, 75% LTP NOTE FROM BROKER: Property is occupied by DaVita Dialysis under an Absolute Triple-Net Lease

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,600,000.00

Monthly NOI$24,000.00
Monthly Debt Service$22,754.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00