RRA Capital Provides $6.76M Loan For Multifamily Property On Stonehenge Rd In Montgomery
1421 Stonehenge Rd.
$6,760,000
$345/SF
Building Size
19,552 SF
Asset Type
MultiFamily
Closing
Dec 8, 2020
AI
The asset involved in the transaction is a Multifamily property located at 1421 Stonehenge Rd. in Montgomery. The transaction was financed with a loan amounting to $6,760,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,760,000.00
- Date: 12/08/2020
- Address: 1421 Stonehenge Rd.
- Market: Montgomery
- Lender: RRA Capital
- Broker: Mark Vinitsky - Walker & Dunlop
The key individuals involved in the deal include Mark Vinitsky, representing the brokerage agency Walker & Dunlop, who facilitated the transaction with the lender RRA Capital.
Players
Montgomery MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93