RRA Capital Provides $3.22M Loan For Retail Property At 4100 Central Ave Riverside
FINANCED
$3,219,000
California
See Similar DealsRetail115,500 SF
Financed 06/30/2021
FINANCED
RRA Capital Provides $3.22M Loan For Retail Property At 4100 Central Ave Riverside
4100 Central Ave & 6611 School Circle Dr.
See Similar DealsRetail115,500 SF
Financed 06/30/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$27
Total Square Footage:115,500 SF
Transaction Type:Loan
The asset involved in the transaction is a retail property located at 4100 Central Ave in the Riverside market. The loan amount for this property totals $3,219,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,219,000.00
- Address: 4100 Central Ave
- Market: Riverside
- Lender: RRA Capital
- Brokers: Jonathan Hakakha - Quantum Capital Partners, Steven Yazdani - Nova Capital
- Loan Date: 06/30/2021
The brokerage team represented in this deal includes Jonathan Hakakha from Quantum Capital Partners and Steven Yazdani from Nova Capital. They facilitated the transaction between the involved parties for the retail property situated at 4100 Central Ave.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,219,000.00
Monthly NOI$21,460.00
Monthly Debt Service$20,346.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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