Convergence Brass LLC Secures $6.65M Loan For Development Site At The Granary At Briggs Ranch
The Granary At Briggs Ranch
$6,650,000
Building Size
—
Asset Type
Mixed-use
Closing
Aug 13, 2020
About this deal
AI
The Granary At Briggs Ranch, located in San Antonio, was recently involved in a closed transaction. The development site serves as the asset type in this deal. The loan amount for this transaction was $6,650,000.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $6,650,000
In this transaction, Convergence Brass LLC obtained a loan from Rob Weil, representing JDI Realty LLC.
The mixed use loan at The Granary At Briggs Ranch in New York, New York financed for $6.7M in 2020. The Granary At Briggs Ranch is classified as Mixed Use on Traded. This page is the New York, New York file for the The Granary At Briggs Ranch mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near The Granary At Briggs Ranch around 2020. Published consideration for The Granary At Briggs Ranch is $6.7M, dated 2020. Cite this Convergence Brass LLC Secures $6.65M Loan For Development Site At The Granary At Briggs Ranch loan when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93