America’s Realty Acquires Retail Property In Petersburg, VA With $8.2M Loan
FINANCED
$8,200,000
Virginia
See Similar DealsRetail
Financed 10/27/2021
FINANCED
America’s Realty Acquires Retail Property In Petersburg, VA With $8.2M Loan
3330 S Crater Rd, Petersburg, VA, USA
See Similar DealsRetail
Financed 10/27/2021
Summary
VIRGINIA
Asset Type:Retail
Transaction Type:Loan
A retail property in Petersburg, VA has recently been involved in a closed transaction. The property, located at 3330 S Crater Rd & 3333 S Crater Rd, was acquired through a loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,200,000
- Market: Petersburg, VA
- Landlord: America’s Realty
- Broker: Eastern Union Funding - Marc Tropp
- Loan Type: Acquisition
- Loan Terms: The interest rate on the full-recourse loan equaled 3.6% over a five-year term, with 12 months of interest-only payments.
The loan for the acquisition of this retail property was facilitated by Eastern Union Funding, with Marc Tropp acting as the broker representative. The loan amount totaled $8,200,000 and the terms included an interest rate of 3.6%. The loan had a five-year term, with the first year consisting of interest-only payments.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,200,000.00
Monthly NOI$54,666.67
Monthly Debt Service$51,829.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions