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Gantry Secures $10M Refinance Loan For Nob Hill Shopping Center, Yakima
FINANCED
$10,000,000
Washington
See Similar DealsRetail88,500 SF
Financed 04/10/2024
FINANCED
Gantry Secures $10M Refinance Loan For Nob Hill Shopping Center, Yakima
2204 West Nob Hill Boulevard
See Similar DealsRetail88,500 SF
Financed 04/10/2024
Summary
WASHINGTON
Asset Type:Retail
Price Per Square Foot:$113
Total Square Footage:88,500 SF
Transaction Type:Loan
The Nob Hill Shopping Center in Yakima, Washington, comprising 88,500 square feet, secured a $10 million loan for a refinance deal. The retail center, located at 2204 West Nob Hill Boulevard, is anchored by Safeway.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000
- Market: Yakima, WA
- Brokers: Erinn Cooke & Tony Kaufmann - Gantry
- Loan Type: Refinance
- Loan Terms: 30-year, fixed-rate
Gantry played a key role in facilitating the $10 million refinancing loan for the Nob Hill Shopping Center. Erinn Cooke and Tony Kaufmann, representing Gantry, were the brokers who helped secure the 30-year fixed-rate loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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