America’s Realty Acquires Retail Property In Petersburg, VA With $8.2M Loan
3330 South Crater Road & 3333 South Crater Road
Retail
Financed 1 year ago
Summary
A retail property in Petersburg, VA has recently been involved in a closed transaction. The property, located at 3330 S Crater Rd & 3333 S Crater Rd, was acquired through a loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,200,000
- Market: Petersburg, VA
- Landlord: America’s Realty
- Broker: Eastern Union Funding - Marc Tropp
- Loan Type: Acquisition
- Loan Terms: The interest rate on the full-recourse loan equaled 3.6% over a five-year term, with 12 months of interest-only payments.
The loan for the acquisition of this retail property was facilitated by Eastern Union Funding, with Marc Tropp acting as the broker representative. The loan amount totaled $8,200,000 and the terms included an interest rate of 3.6%. The loan had a five-year term, with the first year consisting of interest-only payments.
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3330 South Crater Road & 3333 South Crater Road
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