RRA Capital Provides $3,803,835 Loan For Office Asset At 3 Burroughs In Irvine
FINANCED
$3,803,835
California
See Similar DealsOffice22,495 SF
Financed 04/12/2016
FINANCED
RRA Capital Provides $3,803,835 Loan For Office Asset At 3 Burroughs In Irvine
3 Burroughs
See Similar DealsOffice22,495 SF
Financed 04/12/2016
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$169
Total Square Footage:22,495 SF
Transaction Type:Loan
The asset involved in this transaction is an office property located at 3 Burroughs in Irvine. The loan amount for this property is $3,803,835.00, as facilitated by RRA Capital.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,803,835.00
- Address: 3 Burroughs
- Market: Irvine
- Lender: RRA Capital
- Broker: John Chun (JLL)
- Loan Date: 04/12/2016
This transaction involved key representatives in the commercial real estate sphere, with John Chun representing the broker agency JLL in the deal. The arrangement illustrates the collaboration between lending institutions and brokerage firms in financing office spaces within the Irvine market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,803,835.00
Monthly NOI$25,358.90
Monthly Debt Service$24,042.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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