RRA Capital Provides $5,528,000 Loan For Multifamily Property In South Pasadena
FINANCED
$5,528,000
California
See Similar DealsMultiFamily
Financed 06/19/2019
FINANCED
RRA Capital Provides $5,528,000 Loan For Multifamily Property In South Pasadena
1777 Grevelia & 511 Magnolia
See Similar DealsMultiFamily
Financed 06/19/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,528,000.00
Monthly NOI$36,853.33
Monthly Debt Service$34,940.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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