Mark Nussbaum Of Stonehill Capital Represents Lender Carter Bank In $5M Retail Acquisition Loan
FINANCED
$5,000,000
Virginia
See Similar DealsRetail57,830 SF
Financed 03/27/2025
FINANCED
Mark Nussbaum Of Stonehill Capital Represents Lender Carter Bank In $5M Retail Acquisition Loan
6401 Iron Bridge Road
See Similar DealsRetail57,830 SF
Financed 03/27/2025
Summary
VIRGINIA
Asset Type:Retail
Price Per Square Foot:$86
Total Square Footage:57,830 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,000,000.00
Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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