RRA Capital Provides $14.125M Loan For Acquisition Of 240 Chapel Ridge Drive Multifamily Property

The property asset involved in this transaction is a MultiFamily located at 240 Chapel Ridge Drive in Hazelwood. The asset spans 137,760 square feet and consists of 168 units.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $14,125,000
• Lender: RRA Capital
• Lender's Representative: Drew Schneider - RRA Capital
• Landlord's Representative: Hirsch Simins - Lument
• Loan Type: Acquisition
• Loan Terms: Non-Recourse, I/O

This transaction was notable for its rapid closing, taking just four days. Drew Schneider from RRA Capital was instrumental in facilitating the loan, while Hirsch Simins represented the landlord throughout the deal.