RRA Capital Provides $11.56M Loan For Industrial Property At 2525 Pio Nono Avenue In Macon
FINANCED
$11,560,000
Georgia
See Similar DealsIndustrial12,900 SF
Financed 08/23/2021
FINANCED
RRA Capital Provides $11.56M Loan For Industrial Property At 2525 Pio Nono Avenue In Macon
2525 Pio Nono Avenue
See Similar DealsIndustrial12,900 SF
Financed 08/23/2021
Summary
GEORGIA
Asset Type:Industrial
Price Per Square Foot:$896
Total Square Footage:12,900 SF
Transaction Type:Loan
The property asset involved in the transaction is located at 2525 Pio Nono Avenue, Macon. The asset is classified as an industrial type, with a loan amount of $11,560,000.00. The transaction took place on August 23, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,560,000.00
- Address: 2525 Pio Nono Avenue
- Market: Macon
- Lender: RRA Capital
- Brokers: Max Kra from Ackman-Ziff
The key individuals and companies involved in the deal include Max Kra, who represented the brokerage Ackman-Ziff in this transaction facilitated by RRA Capital as the lender. This collaboration illustrates the roles played by each party in concluding the loan arrangement for the industrial property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,560,000.00
Monthly NOI$77,066.67
Monthly Debt Service$73,067.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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