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1441 Franklin St.

RRA Capital Provides $6.475M Loan For Office Property At 1441 Franklin St Oakland
FINANCEDOffice

RRA Capital Provides $6.475M Loan For Office Property At 1441 Franklin St Oakland

1441 Franklin St.

$6,475,000

Building Size

Asset Type

Office

Closing

Jun 14, 2019

AI

The property asset is an office located at 1441 Franklin St. in the Oakland market. A loan in the amount of $6,475,000.00 has been secured for this property, indicating its financial significance in the region.

Summary of transaction details:

The transaction features Tom Wight from NorthMarq representing the deal, serving as the broker involved with the financial aspects of the loan agreement facilitated by RRA Capital.

Players

Tom Wight

NorthMarq

Broker

$39.5M

vol

2 deals

Broker
RRA Capital
RRA CapitalLender

Oakland 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

2.45%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93