Updated Feb 4, 2025
RRA Capital Provides $6.98M Loan For Multifamily Asset In Jacksonville With Broker Aaron Beck
7557 Arlington Expy. Service Rd.
$6,980,000
$378/SF
Building Size
18,445 SF
Asset Type
MultiFamily
Closing
May 28, 2021
About this deal
AI
The property asset involved in this transaction is a MultiFamily type located at 7557 Arlington Expy. Service Rd. in Jacksonville. The total loan amount for this property is $6,980,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,980,000.00
- Address: 7557 Arlington Expy. Service Rd.
- Market: Jacksonville
- Lender: RRA Capital
- Brokers: Aaron Beck of NorthMarq
- Loan Date: 05/28/2021
This transaction featured key individuals including Aaron Beck, representing NorthMarq, who played a vital role in facilitating the loan process. The lender involved in the financing was RRA Capital, ensuring the necessary funding for the property acquisition.
On the Map
$6,980,000
$378/SF
MultiFamily
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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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93