FINANCEDRetail
Michael J. Gefter Secures $2,608,711 Loan For Retail Asset In Houston At 9895 Blackhawk Blvd
9895 Blackhawk Blvd
$2,608,711
$74/SF
Building Size
35,113 SF
Asset Type
Retail
Closing
Feb 10, 2025
AI
The asset involved in this transaction is a retail property located at 9895 Blackhawk Blvd in the Houston market. The loan amount for this property is $2,608,711.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,608,711.00
- Address: 9895 Blackhawk Blvd
- Market: Houston
- Brokers: Michael J. Gefter
Michael J. Gefter represents the broker in this transaction, showcasing the professional involvement in facilitating the loan secured for this retail asset.
Houston 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
6.08%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93