RRA Capital Provides $7.7M Loan For Industrial Asset In Waycross At 3450 Simmons Dr
FINANCED
$7,700,000
Georgia
See Similar DealsIndustrial129,602 SF
Financed 05/09/2024
FINANCED
RRA Capital Provides $7.7M Loan For Industrial Asset In Waycross At 3450 Simmons Dr
3450 Simmons Dr.
See Similar DealsIndustrial129,602 SF
Financed 05/09/2024
Summary
GEORGIA
Asset Type:Industrial
Price Per Square Foot:$59
Total Square Footage:129,602 SF
Transaction Type:Loan
The transaction involved an industrial property located at 3450 Simmons Dr. in Waycross. The loan amount for this property was $7,700,000.00, facilitated by RRA Capital. No additional details related to the physical characteristics of the property were provided.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,700,000.00
- Loan Date: 05/09/2024
- Address: 3450 Simmons Dr.
- Market: Waycross
- Lender: RRA Capital
- Brokers: Dan Rosenberg
The transaction was brokered by Dan Rosenberg, acting on behalf of the involved parties to facilitate the loan process. RRA Capital served as the lender for this transaction, providing financial backing for the deal.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,700,000.00
Monthly NOI$51,333.33
Monthly Debt Service$48,669.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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