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2600 Art Museum Dr.

Loan Of $5,561,987 Secured By RRA Capital For Jacksonville Multifamily Property
FINANCEDMultiFamily

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

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:

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.

Players

Aaron Beck

NorthMarq

Broker

$272.9M

vol

12 deals

Broker
RRA Capital
RRA CapitalLender

Jacksonville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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