Single tenant retail center
| Amount: | 2,550,000 |
|---|---|
| Property Type: | Single Tenant Retail |
| Loan Type: | 85% loan to value, non-recourse, no reserves |
| Loan Term: | 10 year term |
|
Caffrey & Company LLC has placed a $2.55 million loan for this single tenant retail building. The loan equaled 85% of the purchase price, and had a 10-year term and 25-year amortization. There were no reserves or third party management fees required by the lender. The loan was structured under typical non-recourse terms. This transaction was part of a Reverse 1031 Exchange. |
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.