Mark Bolour & Clay Goldthwait Provide Refinance Loan For Retail Property In Westlake
55 Tarragona Dr Westlake, TX 76262, USA
Building Size
29,444 SF
Asset Type
Retail
Closing
Aug 7, 2023
About this deal
AI
A loan has been provided to refinance a Class A retail project located at 55 Tarragona Drive in Westlake. The property is a retail space with a size of 29,444 square feet. The loan terms are set for a period of 24 months.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Date: 08/07/2023
- Address: 55 Tarragona Drive
- Market: Westlake
The loan for this retail project was provided by Mark Bolour and Clay Goldthwait of Bolour Associates. The lender, Bolour Associates, specializes in asset-based bridge lending in urban infill primary and secondary markets. They have the expertise to handle complicated private lending deals, including unentitled land plays. Bolour Associates can finance up to 75% loan-to-value (LTV), with loan amounts ranging from $2 million to $30 million and interest rates starting at 8%. For more information on their lending services, interested parties can contact Clay Goldthwait at ☎️ 323-677-0550 ext.121 or via email at [email protected]. Additional information is available on their website at bolourassociates.com/lending.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93