RRA Capital Provides $8.2 Million Loan For Office Property At 1645 Palm Beach Lakes Blvd
1645 Palm Beach Lakes Blvd.
$8,200,000
$199/SF
Building Size
41,163 SF
Asset Type
Office
Closing
Oct 30, 2015
About this deal
AI
The property asset involved in the transaction is located at 1645 Palm Beach Lakes Blvd., West Palm Beach. This asset is classified as an office type property. The total loan amount secured for this transaction is $8,200,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,200,000.00
- Address: 1645 Palm Beach Lakes Blvd.
- Market: West Palm Beach
- Lender: RRA Capital
- Brokers: Amy Julian (CBRE)
The deal includes key representatives, with Amy Julian from CBRE representing the involved parties on this office property loan transaction. The lender for this deal is RRA Capital, facilitating the financial support necessary for the loan amount detailed above.
Players
West Palm Beach Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93