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1777 Grevelia

RRA Capital Provides $5,528,000 Loan For Multifamily Property In South Pasadena
FINANCEDMultiFamily

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

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.

Players

Peter Hillakas

Gantry

Broker

$408.5M

vol

5 deals

Broker
RRA Capital
RRA CapitalLender

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