Retail Center
| Location: | Johnson County, Kansas |
|---|---|
| Amount: | $7,400,000 |
| Property Type: | Non-Anchored Center |
| Loan Term: | 10 year term |
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Caffrey & Company LLC has arranged through one of their national correspondent investors a $7.4 million loan on this unanchored retail center in Johnson County, Kansas. The owner entered into a lease agreement with a local Taco Bell franchisor for a pad site. The lender underwrote the pad income and held back the amount attributed towards this income pending occupancy allowing the owner to capture maximum loan dollars while interest rates were low. The term is 10 years with a 30 year amortization under traditional non-recourse financing terms. |
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.