Updated Oct 15, 2026
RRA Capital Provides $5,832,000 Loan For MultiFamily Asset In Shelby At 203 Ramblewood Dr
203 Ramblewood Dr.
$5,832,000
$126/SF
Building Size
46,229 SF
Asset Type
MultiFamily
Closing
Sep 25, 2024
About this deal
AI
The property involved in this transaction is located at 203 Ramblewood Dr. in the Shelby market. It is classified as a MultiFamily asset. The transaction has a loan amount of $5,832,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,832,000.00
- Date: 09/25/2024
- Lender: RRA Capital
- Broker: Josh Crowell
This deal was facilitated by broker Josh Crowell, who played a significant role in the transaction process. RRA Capital provided the loan needed for this MultiFamily property, indicating a strategic investment in the Shelby area.
On the Map
$5,832,000
$126/SF
MultiFamily
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Players
Shelby MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93