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1520 N. El Camino Real

RRA Capital Provides $7.2 Million Loan For Multifamily Asset In San Clemente
FINANCEDMultiFamily

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:

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

Aaron Beck

NorthMarq

Broker

$272.9M

vol

12 deals

Broker
RRA Capital
RRA CapitalLender

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