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2821 Morena Blvd.

RRA Capital Provides $3.83 Million Loan For Multifamily Asset At 2821 Morena Blvd San Diego
FINANCEDMultiFamily

RRA Capital Provides $3.83 Million Loan For Multifamily Asset At 2821 Morena Blvd San Diego

2821 Morena Blvd.

$3,825,000

$21/SF

Building Size

175,325 SF

Asset Type

MultiFamily

Closing

Jun 22, 2021

AI

The asset involved in this context is a multifamily property located at 2821 Morena Blvd, in the San Diego market. The loan amount for this transaction is $3,825,000.00, facilitating the financing of this property type.

Summary of transaction details:

The key individuals and companies involved in this transaction include Aaron Beck, representing NorthMarq, who facilitated the loan process with RRA Capital acting as the lender for this multifamily asset.

Players

Aaron Beck

NorthMarq

Broker

$272.9M

vol

12 deals

Broker
RRA Capital
RRA CapitalLender

San Diego 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

4.15%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93