$16.78M Loan Secured By RRA Capital For Retail Asset In Sparks At 1320 1560 E Lincoln Way
FINANCED
$16,775,000
Nevada
See Similar DealsRetail870,000 SF
Financed 05/24/2024
FINANCED
$16.78M Loan Secured By RRA Capital For Retail Asset In Sparks At 1320 1560 E Lincoln Way
1320 1560 E Lincoln Way, 434 Sparks Blvd, 475 Sparks Blvd & 1415 Scheels Dr.
See Similar DealsRetail870,000 SF
Financed 05/24/2024
Summary
NEVADA
Asset Type:Retail
Price Per Square Foot:$19
Total Square Footage:870,000 SF
Transaction Type:Loan
The asset involved in this transaction is a retail property located at 1320 1560 E Lincoln Way in Sparks. The loan amount secured for this property is $16,775,000.00, supporting the acquisition or refinancing of the asset within the retail market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,775,000.00
- Lender: RRA Capital
- Brokers: Anthony Longo - Alpha Capital
Key individuals involved in this transaction include Anthony Longo, representing Alpha Capital as the broker. RRA Capital acts as the lender for the loan associated with this retail property in the Sparks market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,775,000.00
Monthly NOI$111,833.33
Monthly Debt Service$106,029.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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