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:
- Property Type: Office
- Transaction Amount: $6,475,000.00
- Address: 1441 Franklin St.
- Market: Oakland
- Lender: RRA Capital
- Broker: Tom Wight - NorthMarq
- Loan Date: 06/14/2019
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
Oakland Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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