Updated Oct 19, 2026
RRA Capital Provides $1.80M Loan For Retail Asset At 1400 Mercy Springs Rd Los Banos
1400 Mercy Springs Rd.
$1,804,770
$50/SF
Building Size
35,943 SF
Asset Type
Retail
Closing
Dec 8, 2016
About this deal
AI
The asset involved in this transaction is a retail property located at 1400 Mercy Springs Rd., Los Banos. The loan amount for this transaction is $1,804,770.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,804,770.00
- Market: Los Banos
- Lender: RRA Capital
- Broker: David Mott
- Loan Date: 12/08/2016
David Mott represents the broker in this transaction, working on behalf of the parties involved. This transaction illustrates the collaboration between the lender, RRA Capital, and the representatives involved.
The retail loan at 1400 Mercy Springs Rd. in Los Banos, California financed for $1.8M in 2016. The building is 35,943 square feet, implying about 50 per square foot on the published price. Named participants on the 1400 Mercy Springs Rd. loan are David Mott. This page is the Los Banos, California file for the 1400 Mercy Springs Rd. retail financed: pricing, party profiles, and other closed retail comps from the same Los Banos sit in the Market section below. Filter that Los Banos retail set by closing date to see what else financed near 1400 Mercy Springs Rd. around 2016. Published consideration for 1400 Mercy Springs Rd. is $1.8M, dated 2016. Cite this RRA Capital Provides $1.80M Loan For Retail Asset At 1400 Mercy Springs Rd Los Banos loan when underwriting similar retail product around Los Banos, California.
On the Map
$1,804,770
$50/SF
Retail
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Players
Los Banos Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.79%
Cash-on-Cash
-2.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93