The Fauquier Bank Provides $3.2M Loan For Retail Property In Fredericksburg, VA

The retail property located at 5651 Plank Road & 10065 Jefferson Davis Highway in Fredericksburg, VA has recently been involved in a closed transaction. The property, with an address in a prime location in Fredericksburg, offers great potential for retail business.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $3,185,000
• Lender: The Fauquier Bank
• Landlord: Michael Alterman
• Brokers: Uri Pearl, Yaakov Zar & Gunnar Wilmot @LevCapital

The loan for this transaction was provided by The Fauquier Bank. The loan amount was $3,185,000, with significant cash-out. The loan terms include a 6-year fixed rate with a 5-year extension option. The loan-to-value ratio (LTV) is set at 70%, with a 25-year amortization period and an interest rate of 3.3%. The loan is non-recourse, providing a favorable financing option for the borrower.

Notably, Uri Pearl, Yaakov Zar, and Gunnar Wilmot from @LevCapital played a key role in facilitating this transaction as brokers. Their expertise in the retail market ensured a successful deal for all parties involved. For those interested in NNN lease deals nationwide, it is recommended to contact Uri Pearl via email at [email protected].

As @LevCapital continues to grow, there are opportunities for professionals experienced in closing financing deals to join their team. If you have closed over $100 million in financing in 2020, reach out to them at [email protected].