StanCorp Provides $3.8M Loan For Retail Property On Louetta Rd In Spring
4660 Louetta Rd, Spring, TX, USA
$3,825,000
$144/SF
Building Size
26,472 SF
Asset Type
Retail
Closing
Apr 17, 2021
AI
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.
Players
Spring Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.15%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93