RMR Mortgage Trust Secures $16.5M Acquisition Loan For Atlanta Retail Property
FINANCED
$16,500,000
Georgia
See Similar DealsRetail28,270 SF
Financed 09/29/2021
FINANCED
RMR Mortgage Trust Secures $16.5M Acquisition Loan For Atlanta Retail Property
6331 Roswell Road, Atlanta, GA, USA
See Similar DealsRetail28,270 SF
Financed 09/29/2021
Summary
GEORGIA
Asset Type:Retail
Price Per Square Foot:$583
Total Square Footage:28,270 SF
Transaction Type:Loan
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,500,000.00
Monthly NOI$110,000.00
Monthly Debt Service$104,291.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions