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
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