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7557 Arlington Expy. Servic...

RRA Capital Provides $6.98M Loan For Multifamily Asset In Jacksonville With Broker Aaron Beck
FINANCEDMultiFamily

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

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:

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.

Players

Aaron Beck

NorthMarq

Broker

$272.9M

vol

12 deals

Broker
RRA Capital
RRA CapitalLender

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