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

Property Image
FINANCED
$6,475,000

California

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Office
Financed 06/14/2019
the dealplayerscompscontact
Property Image
FINANCED

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

1441 Franklin St.

See Similar Deals
Office
Financed 06/14/2019
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Transaction Type:Loan

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
Tom Wight
2 deals$39.5M volume
BROKER
RRA Capital
RRA Capital
LENDER
CA
Citrine Advisors
LANDLORD

Details

FINANCED
IMAGE: 06/14/2019 ADDRESS: 1441 Franklin St. MARKET: Oakland ASSET TYPE: Office BROKERS: Tom Wight(NorthMarq) LENDER: RRA Capital LOAN AMOUNT: $6,475,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,475,000.00

Monthly NOI$43,166.67
Monthly Debt Service$40,926.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00