Updated Sep 5, 2024
Onyx Funding Provides $10.25M Construction Loan For Mixed-Use Property At 1900 S. Tryon, Charlotte, NC
1900 South Tryon Street, Charlotte, NC, USA
$10,250,000
$3,287/SF
Building Size
3,118 SF
Asset Type
Mixed-use
Closing
Mar 10, 2021
About this deal
AI
A construction loan totaling $10,250,000 was secured for a mixed-use property in Charlotte, NC. The property, located at 1900 S. Tryon, is part of the dynamic real estate market in the area.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,250,000
- Address: 1900 S. Tryon, Charlotte, NC
- Market: Charlotte, NC
Onyx Funding, represented by broker Shaun Ashkenazy, facilitated the construction loan for this project.
The mixed use loan at 1900 South Tryon Street, Charlotte, NC, USA in Charlotte, North Carolina financed for $10.3M in 2021. The building is 3,118 square feet, implying about 3.3K per square foot on the published price. Shaun Ashkenazy, Onyx Funding appear on the loan alongside Onyx Funding. This page is the Charlotte, North Carolina file for the 1900 South Tryon Street, Charlotte, NC, USA mixed use financed: pricing, party profiles, and other closed mixed use comps from the same Charlotte sit in the Market section below. Filter that Charlotte mixed use set by closing date to see what else financed near 1900 South Tryon Street, Charlotte, NC, USA around 2021. Published consideration for 1900 South Tryon Street, Charlotte, NC, USA is $10.3M, dated 2021. Cite this Onyx Funding Provides $10.25M Construction Loan For Mixed-Use Property At 1900 S. Tryon, Charlotte, NC loan when underwriting similar mixed use product around Charlotte, North Carolina.
Players
Charlotte Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93