Mimi's Cafe, Taco Bell
| Location: | Kansas |
|---|---|
| Amount: | $4,600,000 |
| Property Type: | Non-Anchored Center |
| Loan Type: | 80% loan to value, 10 year term and 30 year amortization with typical non-recourse loan terms. |
| Loan Term: | 10-Year Term |
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Caffrey & Company, L.L.C. has placed a $4.6 million loan secured by a stand alone Mimi’s Café, Taco Bell and ground lease from US Bank. This loan was priced at 1.05% over the 10-year US Treasury. It has an 80% loan to value, 10 year term and 30 year amortization with typical non-recourse loan terms. This was part of a 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.