Updated Feb 4, 2025
RRA Capital Provides $5,528,000 Loan For Multifamily Property In South Pasadena
1777 Grevelia & 511 Magnolia
$5,528,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 19, 2019
About this deal
AI
The asset involved in this transaction is a multifamily property located at 1777 Grevelia in the South Pasadena market. The loan amount for this property transaction is $5,528,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,528,000.00
- Address: 1777 Grevelia
- Market: South Pasadena
- Lender: RRA Capital
- Broker: Peter Hillakas - Gantry
- Loan Date: 06/19/2019
The key individuals involved in this transaction include Peter Hillakas, who represents Gantry. The lending entity in this deal is RRA Capital, facilitating the loan process for the financing of the multifamily asset.
On the Map
$5,528,000
MultiFamily
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Players
South Pasadena 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
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93