RRA Capital Provides $9.29 Million Loan For Retail Property At 8870 N 90th St Scottsdale
8870 N 90th St, 8930 N 90th St & 8980 N 90th St
$9,286,250
Building Size
—
Asset Type
Retail
Closing
Oct 23, 2023
About this deal
AI
The property asset involved in this transaction is a retail space located at 8870 N 90th St in Scottsdale. The loan amount secured for this property is $9,286,250.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,286,250.00
- Broker: Joe Andrada
- Lender: RRA Capital
- Loan Date: 10/23/2023
This retail transaction was facilitated by Joe Andrada, who acted as the broker in the deal. RRA Capital served as the lender for the loan amount specified in this transaction.
The retail loan at 8870 N 90th St in Scottsdale, Arizona financed for $9.3M in 2023. 8870 N 90th St is classified as Retail on Traded. This page is the Scottsdale, Arizona file for the 8870 N 90th St retail financed: pricing, party profiles, and other closed retail comps from the same Scottsdale sit in the Market section below. Filter that Scottsdale retail set by closing date to see what else financed near 8870 N 90th St around 2023. Published consideration for 8870 N 90th St is $9.3M, dated 2023. Cite this RRA Capital Provides $9.29 Million Loan For Retail Property At 8870 N 90th St Scottsdale loan when underwriting similar retail product around Scottsdale, Arizona.
Players
Scottsdale Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93