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8870 N 90th St

RRA Capital Provides $1,638,750 Loan For Retail Asset At 8870 N 90th St Scottsdale
FINANCEDRetail

RRA Capital Provides $1,638,750 Loan For Retail Asset At 8870 N 90th St Scottsdale

8870 N 90th St, 8930 N 90th St & 8980 N 90th St

$1,638,750

Building Size

Asset Type

Retail

Closing

Oct 23, 2023

AI

The asset involved in this transaction is a retail property located at 8870 N 90th St, Scottsdale. The loan amount secured for this property is $1,638,750.00.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,638,750.00
  • Address: 8870 N 90th St
  • Market: Scottsdale
  • Lender: RRA Capital
  • Broker: Joe Andrada

This transaction features Joe Andrada serving as the representative for the broker involved in the deal. The lender facilitating this loan is RRA Capital, which has processed the financing for the retail property located in Scottsdale.

Players

Joe Andrada

Sunrise Mortgage

Broker

2 deals

Broker
RRA Capital
RRA CapitalLender

Scottsdale Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.68%

Cash-on-Cash

-2.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93