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100 Howe Ave.

RRA Capital Provides $7.42 Million Loan For Office Property At 100 Howe Ave Sacramento
FINANCEDOffice

RRA Capital Provides $7.42 Million Loan For Office Property At 100 Howe Ave Sacramento

100 Howe Ave.

$7,420,000

Building Size

Asset Type

Office

Closing

Nov 14, 2017

AI

The property asset involved in the transaction is an office located at 100 Howe Ave., Sacramento. The loan amount secured for this property was $7,420,000.00, facilitated by RRA Capital as the lender.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $7,420,000.00
  • Address: 100 Howe Ave.
  • Market: Sacramento
  • Lender: RRA Capital
  • Broker: Ken Karmolinski
  • Loan Date: 11/14/2017

Ken Karmolinski is the broker representing the terms of this loan agreement, highlighting his role in bringing together the involved parties for this transaction. The participation of RRA Capital as the lender signifies the financing structure that supported this office property deal.

Players

Ken Karmolinski

Palmer Capital

Broker

1 deal

Broker
RRA Capital
RRA CapitalLender

Sacramento Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93