RRA Capital Provides $12,097,765 Loan For Retail Property At 6300 6380 E State St Rockford
FINANCED
$12,097,765
Illinois
See Similar DealsRetail10,200 SF
Financed 10/21/2022
FINANCED
RRA Capital Provides $12,097,765 Loan For Retail Property At 6300 6380 E State St Rockford
6300 6380 E State St.
See Similar DealsRetail10,200 SF
Financed 10/21/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$1,186
Total Square Footage:10,200 SF
Transaction Type:Loan
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.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,097,765.00
Monthly NOI$80,651.77
Monthly Debt Service$76,466.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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