Mark Nussbaum Of Stonehill Capital Represents Lender Carter Bank In $5M Retail Acquisition Loan
6401 Iron Bridge Road
$5,000,000
$86/SF
Building Size
57,830 SF
Asset Type
Retail
Closing
Mar 27, 2025
About this deal
AI
The property asset involved in this transaction is located at 6401 Iron Bridge Road in the Richmond market. It is categorized as a retail asset with a total square footage of 57,830. The loan amount secured for this acquisition is $5,000,000, provided by the lender Carter Bank.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Loan Type: Acquisition
- Lender: Carter Bank
- Broker: Mark Nussbaum - Stonehill Capital
Mark Nussbaum from Stonehill Capital represents the broker in this transaction, facilitating the acquisition process for the involved parties.
On the Map
$5,000,000
$86/SF
Retail
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Players
Richmond 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93