RRA Capital Provides $12,097,765 Loan For Retail Property At 6300 6380 E State St Rockford
6300 6380 E State St.
$12,097,765
$1,186/SF
Building Size
10,200 SF
Asset Type
Retail
Closing
Oct 21, 2022
About this deal
AI
The property involved in this transaction is a retail asset located at 6300 6380 E State St. in the Rockford market. The loan amount associated with this property is $12,097,765.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,097,765.00
- Address: 6300 6380 E State St.
- Market: Rockford
- Lender: RRA Capital
- Broker: Anthony Longo - Alpha Capital
The transaction highlights the key roles of the broker Anthony Longo, representing Alpha Capital, and the lender RRA Capital, which provided the financing for the deal. Each party played a significant role in facilitating this closed property transaction within the retail sector.
On the Map
$12,097,765
$1,186/SF
Retail
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Players
Rockford 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
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93