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:
- Property Type: MultiFamily
- Transaction Amount: $2,060,000.00
- Address: 235 Sycamore Dr.
- Market: Athens
- Lender: RRA Capital
- Broker: Justin Ownby - Berkadia
- Loan Date: 08/10/2018
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
Athens 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
7.70%
Cash-on-Cash
-2.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93