Third Coast Bank Provides $1.1M Refinance Loan For Pantego Office Space
2206 West Park Row Drive, Pantego, TX, USA
$1,100,000
$47/SF
Building Size
23,040 SF
Asset Type
Office
Closing
Oct 19, 2021
About this deal
AI
An office property located at 2206-2208 W. Park Row in Pantego has recently undergone a loan refinancing transaction. The property spans 23,040 square feet and comprises 10 units.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $1,100,000
- Address: 2206-2208 W. Park Row, Pantego
- Market: Pantego
- Lender: Thrid Coast Bank
- Landlord: Todd Nguyen
- Broker: John Libretti - Progress Capital
Thrid Coast Bank provided a loan amount of $1,100,000 for the refinancing of this office property. Todd Nguyen acts as the landlord for this transaction, while John Libretti from Progress Capital serves as the broker.
Contact John for any of your CRE financing needs: 732-275-4839, [email protected]
Players
Pantego Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit John Libretti to view all their deals.
Browse Texas office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93