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1414 72nd Street East

Anthony Longo Of Alpha Capital Secures $11.05M Refinance Loan From Morgan Stanley Bank
FINANCEDRetail

Anthony Longo Of Alpha Capital Secures $11.05M Refinance Loan From Morgan Stanley Bank

1414 72nd Street East

$11,050,000

$95/SF

Building Size

115,845 SF

Asset Type

Retail

Closing

Apr 8, 2024

AI

The property located at 1414 72nd Street East in Tacoma, WA, is a retail asset spanning 115,845 square feet. The loan for this property was granted by Morgan Stanley Bank, amounting to $11,050,000 for the purpose of refinancing. The landlord's representative for this transaction was Anthony Longo from Alpha Capital.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,050,000
  • Address: 1414 72nd Street East
  • Market: Tacoma, WA
  • Lender: Morgan Stanley Bank
  • Landlord's Rep: Anthony Longo - Alpha Capital

Anthony Longo from Alpha Capital played the role of the landlord's representative in the refinancing deal, facilitating the transaction between the property owner and the lender, Morgan Stanley Bank.

Players

Anthony Longo

Alpha Capital

Broker

$954.8M

vol

32 deals

Broker
Morgan Stanley
Morgan Stanley Lender

Tacoma 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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93