RRA Capital Provides $7.2 Million Loan For Multifamily Asset In San Clemente
1520 N. El Camino Real
$7,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 1, 2018
AI
The property asset involved in the transaction is a MultiFamily asset located at 1520 N. El Camino Real in the San Clemente market. The loan amount for this property transaction is $7,200,000.00, facilitating its financing needs.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,200,000.00
- Address: 1520 N. El Camino Real
- Market: San Clemente
- Lender: RRA Capital
- Brokers: Aaron Beck, NorthMarq
The individuals and companies involved in the transaction include Aaron Beck from NorthMarq representing the financing efforts, with RRA Capital serving as the lender supporting this MultiFamily property acquisition.
Players
San Clemente MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93