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:
- 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.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93