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

Property Image
FINANCED
$14,125,000
Hirsch Simins
Drew Schneider

Missouri

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MultiFamily137,760 SF
Financed 12/31/2024
the dealplayerscompscontact
Property Image
FINANCED

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

240 Chapel Ridge Drive

See Similar Deals
MultiFamily137,760 SF
Financed 12/31/2024
Hirsch Simins
Drew Schneider
the dealplayerscompscontact
Contact now

Summary

MISSOURI
Asset Type:MultiFamily
Price Per Square Foot:$102
Total Square Footage:137,760 SF
Transaction Type:Loan

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:

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.

Players

Hirsch Simins
Walker & Dunlop
Hirsch Simins
1 deal$14.1M volume(201) 429-9188
BROKER
Drew Schneider
RRA Capital
Drew Schneider
2 deals$40.7M volume(928) 243-6186
BROKER
Lument
Lument
BROKERAGE
Terra Capital Partners
Terra Capital Partners
LENDER
Lument
Lument
LENDER

Details

FINANCED
IMAGE: Hirsch Simins, Boots Dunlap & Drew Schneider DATE: 12/31/2024 ADDRESS: 240 Chapel Ridge Drive MARKET: Hazelwood ASSET TYPE: MultiFamily ~ SF: 137,760 ~ UNITS: 168 LENDER: RRA Capital (@RRACapital) LENDER'S REP: Drew Schneider - RRA Capital LANDLORD'S REP: Hirsch Simins - Lument (@LumentCRE) LOAN AMOUNT: $14,125,000 LOAN TYPE: Acquisition LOAN TERMS: Non-Recourse, I/O NOTE FROM LENDER'S REP: This loan closed in just Four Days! Please reach out to Drew Schneider at [email protected] with any loan inquiries.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,125,000.00

Monthly NOI$94,166.67
Monthly Debt Service$89,279.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00