FINANCEDMixed-use
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
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.
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