StanCorp Provides $3.8M Loan For Retail Property On Louetta Rd In Spring
FINANCED
$3,825,000
Texas
See Similar DealsRetail26,472 SF
Financed 04/18/2021
FINANCED
StanCorp Provides $3.8M Loan For Retail Property On Louetta Rd In Spring
4660 Louetta Rd, Spring, TX, USA
See Similar DealsRetail26,472 SF
Financed 04/18/2021
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$144
Total Square Footage:26,472 SF
Transaction Type:Loan
The retail property located at 4660 Louetta Rd in Spring has been involved in a closed transaction. The property is a part of the market in Spring and spans an area of 26,472 square feet. The transaction took place on April 18, 2021, and a representative from NorthMarq named Travis Fite was involved in the deal as the broker.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,825,000
- Lender: stancorp''>StanCorp
- Broker: Travis Fite - NorthMarq
- Loan Type: Permanent, fixed-rate loan
The lender in this transaction was StanCorp, providing a loan amount of $3,825,000. The loan is classified as a permanent, fixed-rate loan. Travis Fite from NorthMarq represented the parties involved in the deal as the broker.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,825,000.00
Monthly NOI$25,500.00
Monthly Debt Service$24,176.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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