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Gantry Arranges $15.2M Loan For Acquisition Of Cotton Mill II Retail Center In Washington, Utah
FINANCED
$15,200,000
Retail
Financed 07/10/2023
FINANCED
Gantry Arranges $15.2M Loan For Acquisition Of Cotton Mill II Retail Center In Washington, Utah
650 West Telegraph Street
See Similar DealsRetail
Financed 07/10/2023
Summary
UTAH
Asset Type:Retail
Transaction Type:Loan
Gantry, represented by brokers Tony Kaufmann and Erinn Cooke, has arranged a $15.2 million loan for the acquisition of Cotton Mill II, an 18.2-acre retail center located at 650 West Telegraph Street in Washington, Utah.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,200,000
- Address: 650 West Telegraph Street, Washington, UT
- Market: Washington, UT
- Acres: 18.2
The loan was obtained by Gantry on behalf of the buyer to facilitate the acquisition of Cotton Mill II. Tony Kaufmann and Erinn Cooke from Gantry served as the brokers representing the buyer in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,200,000.00
Monthly NOI$101,333.33
Monthly Debt Service$96,074.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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