FINANCEDRetail
RRA Capital Provides $6.84M Loan For Retail Asset At 1901 Silverada Blvd Reno
1901 Silverada Blvd.
$6,843,000
$41/SF
Building Size
166,159 SF
Asset Type
Retail
Closing
Mar 27, 2024
AI
The asset involved in this transaction is a retail property located at 1901 Silverada Blvd. in the Reno market. The loan amount secured for this property is $6,843,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,843,000.00
- Date: 03/27/2024
- Lender: RRA Capital
- Broker: Tony Kaufmann - Gantry
This transaction highlights the key figures involved, including Tony Kaufmann representing the broker side of the deal through Gantry, facilitating the agreement between the involved parties.
Players
Reno Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93