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National Bank Provides $3.5M Loan For Retail Acquisition In Chantilly, VA
FINANCED
$3,500,455
Virginia
See Similar DealsRetail
Financed 04/01/2025
FINANCED
National Bank Provides $3.5M Loan For Retail Acquisition In Chantilly, VA
25681 Branch Rail Drive
See Similar DealsRetail
Financed 04/01/2025
Summary
VIRGINIA
Asset Type:Retail
Transaction Type:Loan
The transaction involves a retail asset located at 25681 Branch Rail Drive, Chantilly, VA. The lending process was facilitated for a loan amount of $3,500,455. The loan's terms include a 7-year duration with a sub 5.99% interest rate and a 25-year amortization schedule.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,500,455
- Lender: National Bank
- Broker: Jared Cassidy - Marcus & Millichap
- Loan Terms: 7-year loan, sub 5.99% interest rate, 25-year amortization
Marcus & Millichap Capital Corporation (MMCC) was responsible for securing financing for the acquisition of a Sheetz Gas Station situated in Loudoun County, highlighting the involvement of professional brokerage services in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,500,455.00
Monthly NOI$23,336.37
Monthly Debt Service$22,125.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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