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8870 N 90th St

RRA Capital Provides $9.29 Million Loan For Retail Property At 8870 N 90th St Scottsdale
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:

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

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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93