facebook

traded

+ Submit
Home

/

Deals

/

Georgia

/

Multifamily

/

Loan

/

235 Sycamore Dr.

RRA Capital Provides $2.06M Loan For MultiFamily Asset In Athens Represented By Justin Ownby
FINANCEDMultiFamily

RRA Capital Provides $2.06M Loan For MultiFamily Asset In Athens Represented By Justin Ownby

235 Sycamore Dr.

$2,060,000

$11/SF

Building Size

173,500 SF

Asset Type

MultiFamily

Closing

Aug 10, 2018

AI

The property involved in this transaction is a MultiFamily asset located at 235 Sycamore Dr. in Athens. The loan amount associated with this transaction is $2,060,000.00.

Summary of transaction details:

Justin Ownby represented the brokerage agency Berkadia in this loan transaction facilitated by RRA Capital, marking a significant monetary commitment towards the MultiFamily asset at the specified location.

Players

Justin Ownby

Berkadia

Broker

$123.7M

vol

3 deals

Broker
RRA Capital
RRA CapitalLender

Athens MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.70%

Cash-on-Cash

-2.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93