Updated Oct 15, 2026
$15.5M Loan Secured By RRA Capital For Multifamily Property At 6121 Boardwalk Blvd In Montgomery
6121 Boardwalk Blvd
$15,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 31, 2023
About this deal
AI
The asset involved in this transaction is a multifamily property located at 6121 Boardwalk Blvd in the Montgomery market. The loan amount for this property is $15,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $15,500,000.00
- Loan Date: 07/31/2023
- Address: 6121 Boardwalk Blvd
- Market: Montgomery
- Lender: RRA Capital
- Brokers: Hirsch Simins
The deal involves Hirsch Simins representing the transaction in the capacity of broker. Additionally, RRA Capital provided the financing for this loan, which supports the multifamily property transaction.
On the Map
$15,500,000
MultiFamily
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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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93