RRA Capital Provides $7.9 Million Loan For Industrial Property In Hawthorne
FINANCED
$7,900,000
California
See Similar DealsIndustrial57,602 SF
Financed 08/07/2020
FINANCED
RRA Capital Provides $7.9 Million Loan For Industrial Property In Hawthorne
13040 Cerise Ave.
See Similar DealsIndustrial57,602 SF
Financed 08/07/2020
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$137
Total Square Footage:57,602 SF
Transaction Type:Loan
The property asset involved in the transaction is an industrial property located at 13040 Cerise Ave. in the Hawthorne market. The loan amount secured for this asset is $7,900,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,900,000.00
- Date: 08/07/2020
- Lender: RRA Capital
- Brokers: Michael Malik
This transaction features the involvement of Michael Malik as the representative broker, facilitating the loan process for this industrial property. RRA Capital served as the lender for the transaction, ensuring the financing needs were met for this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,900,000.00
Monthly NOI$52,666.67
Monthly Debt Service$49,933.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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