Updated Oct 15, 2026
RRA Capital Provides $3.81 Million Loan For MultiFamily Asset In Rainbow City
121 129 Ilene St.
$3,810,000
Building Size
—
Asset Type
MultiFamily
Closing
May 17, 2024
About this deal
AI
The property asset involved in this transaction is a MultiFamily property located at 121 129 Ilene St. in the market of Rainbow City. The loan amount secured for this transaction is $3,810,000.00, facilitated by RRA Capital.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,810,000.00
- Loan Date: 05/17/2024
- Address: 121 129 Ilene St.
- Market: Rainbow City
- Lender: RRA Capital
- Broker: Josh Crowell
Josh Crowell is the broker involved in representing the transaction, facilitating the loan process between the borrower and the lender. The transaction underscores the involvement of RRA Capital as the financing entity for the loan amount stipulated.
On the Map
$3,810,000
MultiFamily
View full map
Players
Rainbow City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Rainbow City multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.16%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93