RRA Capital Provides $9.29 Million Loan For Retail Property At 8870 N 90th St Scottsdale
FINANCED
$9,286,250
Arizona
See Similar DealsRetail
Financed 10/23/2023
FINANCED
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
See Similar DealsRetail
Financed 10/23/2023
Summary
ARIZONA
Asset Type:Retail
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,286,250.00
Monthly NOI$61,908.33
Monthly Debt Service$58,695.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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