Updated Oct 19, 2026
Loan Of $5,561,987 Secured By RRA Capital For Jacksonville Multifamily Property
2600 Art Museum Dr.
$5,561,987
Building Size
—
Asset Type
MultiFamily
Closing
Dec 31, 2019
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 2600 Art Museum Dr. in Jacksonville. The loan amount secured for this asset is $5,561,987.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $5,561,987.00
- Address: 2600 Art Museum Dr.
- Market: Jacksonville
- Lender: RRA Capital
- Brokers: Aaron Beck - NorthMarq
- Loan Date: 12/31/2019
The transaction features key individuals including broker Aaron Beck representing NorthMarq in facilitating the deal, alongside RRA Capital which provided the financing for the loan amount detailed above.
On the Map
$5,561,987
MultiFamily
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Players
Jacksonville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.85%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93