RRA Capital Provides $5.75 Million Loan For Retail Property In Tempe, Arizona
FINANCED
$5,750,000
Arizona
See Similar DealsRetail
Financed 01/06/2022
FINANCED
RRA Capital Provides $5.75 Million Loan For Retail Property In Tempe, Arizona
2626 S Hardy Dr.
See Similar DealsRetail
Financed 01/06/2022
Summary
ARIZONA
Asset Type:Retail
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 2626 S Hardy Dr. in the Tempe market. The lender for this transaction is RRA Capital, providing a loan amount of $5,750,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,750,000.00
- Address: 2626 S Hardy Dr.
- Market: Tempe
- Lender: RRA Capital
- Broker: Zane Sweet (JLL)
Key individuals involved in this transaction include Zane Sweet, representing JLL as the broker in this deal. The focus of this transaction is on the loan provided by RRA Capital for the retail asset.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,750,000.00
Monthly NOI$38,333.33
Monthly Debt Service$36,343.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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