FINANCEDRetail
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
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.
Players
Scottsdale Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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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