Updated Feb 4, 2025
RRA Capital Provides $4,256,000 Loan For Multifamily Property In Phoenix
1702 E Monte Vista Rd.
$4,256,000
$42/SF
Building Size
100,656 SF
Asset Type
MultiFamily
Closing
Oct 16, 2020
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 1702 E Monte Vista Rd. in Phoenix. The transaction was secured with a loan amount of $4,256,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $4,256,000.00
- Loan Date: 10/16/2020
- Address: 1702 E Monte Vista Rd.
- Market: Phoenix
- Lender: RRA Capital
- Brokers: Adam Deermount
The key individuals involved include Adam Deermount, representing the brokerage aspect of the transaction. The lender for this loan is RRA Capital, responsible for financing the MultiFamily property deal.
Players
Phoenix 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93