RMR Mortgage Trust Secures $16.5M Acquisition Loan For Atlanta Retail Property
6331 Roswell Road, Atlanta, GA, USA
$16,500,000
$583/SF
Building Size
28,270 SF
Asset Type
Retail
Closing
Sep 29, 2021
About this deal
AI
A retail property located at 6331 Roswell Road in Atlanta, GA has been involved in a recent loan transaction. The loan was provided by RMR Mortgage Trust to facilitate the acquisition of the property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,500,000
- Loan Type: Acquisition
- Loan Terms: three-year initial term and two one-year extension options
Tom Lorenzini, representing RMR Mortgage Trust, played a key role in the loan transaction. The loan amount of $16,500,000 will help finance the acquisition of the retail property located at 6331 Roswell Road in Atlanta, GA.
On the Map
$16,500,000
$583/SF
Retail
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Players
Atlanta Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93