RRA Capital Provides $7M Loan For Mobile Home At 3201 Kaliste Saloom Rd Lafayette
3201 Kaliste Saloom Rd.
$7,000,000
Building Size
—
Asset Type
Mobile Home
Closing
Dec 5, 2023
AI
The asset involved in this transaction is a mobile home located at 3201 Kaliste Saloom Rd. in Lafayette. The loan amount secured for this property is $7,000,000.00. This transaction is part of a dynamic market, indicative of movements in the mobile home segment within Lafayette.
Summary of transaction details:
- Property Type: Mobile Home
- Transaction Amount: $7,000,000.00
- Address: 3201 Kaliste Saloom Rd.
- Market: Lafayette
- Lender: RRA Capital
- Broker: Jonah Aelyon (JLL)
The deal involves Jonah Aelyon representing the interests of the buyer in this transaction, facilitating the closure of this loan through RRA Capital. This highlights the critical role of brokering services in asset financing within the real estate market.
Players
Lafayette Mobile Home Market Snapshot
Boundary boundary · Mobile Home · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93