Parkville Commons
| Location: | Parkville, Missouri |
|---|---|
| Amount: | $14,200,000 |
| Property Type: | Anchored Retail |
| Loan Type: | Tax incentives, Non-recourse |
| Loan Term: | 10 year term |
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Caffrey & Company LLC has obtained a $14.2 million loan for a new grocery anchored retail center. The financing included several tax incentives requiring special underwriting. Caffrey & Company has ample experience with TIF, TDD, and NID tax incentive programs. The interest rate was in the low 5% range. This non-recourse loan was fixed for 10-years with a 30-year amortization. |
Current Rates (09/03/2010)
- Apartments 4.55%
- Mobile Home Park 4.75%
- Anchored Retail 5.65%
- Non-Anchored Center 5.85%
- Single Tenant Retail 5.80%
- Office 5.85%
- Industrial / Flex 5.92%
- Self-Storage 6.15%
- Medical Office 5.15%
- Hotel 6.65%
- Owner Occupied 4.65%
- Land 8.65%
- Other 6.40%
Rates are based on a $2 million loan, 25 year amortization, 10 year fixed rate term. For apartment complexes, a 30 year amortization is available.