Anthony Longo Of Alpha Capital Secures $11.05M Refinance Loan From Morgan Stanley Bank
FINANCED
$11,050,000
Washington
See Similar DealsRetail115,845 SF
Financed 04/08/2024
FINANCED
Anthony Longo Of Alpha Capital Secures $11.05M Refinance Loan From Morgan Stanley Bank
1414 72nd Street East
See Similar DealsRetail115,845 SF
Financed 04/08/2024
Summary
WASHINGTON
Asset Type:Retail
Price Per Square Foot:$95
Total Square Footage:115,845 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,050,000.00
Monthly NOI$73,666.67
Monthly Debt Service$69,843.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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