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:
- Property Type: MultiFamily
- Transaction Amount: $3,825,000.00
- Address: 2821 Morena Blvd.
- Market: San Diego
- Lender: RRA Capital
- Broker: Aaron Beck - NorthMarq
- Loan Date: 06/22/2021
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
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