RRA Capital Provides $2,435,000 Loan For Retail Asset At 5000 Smithridge Dr. In Reno
FINANCED
$2,435,000
Nevada
See Similar DealsRetail66,000 SF
Financed 01/30/2019
FINANCED
RRA Capital Provides $2,435,000 Loan For Retail Asset At 5000 Smithridge Dr. In Reno
5000 Smithridge Dr.
See Similar DealsRetail66,000 SF
Financed 01/30/2019
Summary
NEVADA
Asset Type:Retail
Price Per Square Foot:$36
Total Square Footage:66,000 SF
Transaction Type:Loan
The property asset involved in this transaction is a retail asset located at 5000 Smithridge Dr., Reno. The loan amount for this property transaction is $2,435,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,435,000.00
- Loan Date: 01/30/2019
- Lender: RRA Capital
- Broker: Darren Hill
Key individuals involved in the deal include Darren Hill, acting as the broker representative in this transaction, and RRA Capital, which provided the loan for this retail asset. The involvement of these entities highlights the collaboration required in facilitating such transactions.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,435,000.00
Monthly NOI$16,233.33
Monthly Debt Service$15,390.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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