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RRA Capital Provides $5,832,000 Loan For MultiFamily Asset In Shelby At 203 Ramblewood Dr

Property Image
FINANCED
$5,832,000

North Carolina

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MultiFamily46,229 SF
Financed 09/25/2024
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Property Image
FINANCED

RRA Capital Provides $5,832,000 Loan For MultiFamily Asset In Shelby At 203 Ramblewood Dr

203 Ramblewood Dr.

See Similar Deals
MultiFamily46,229 SF
Financed 09/25/2024
the dealplayerscompscontact
Contact now

Summary

NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$126
Total Square Footage:46,229 SF
Transaction Type:Loan

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:

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.

Players

Colliers
Colliers
BROKERAGE
RRA Capital
RRA Capital
LENDER

Details

FINANCED
IMAGE: 09/25/2024 ADDRESS: 203 Ramblewood Dr. MARKET: Shelby ASSET TYPE: MultiFamily BROKERS: Josh Crowell() LENDER: RRA Capital LOAN AMOUNT: $5,832,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,832,000.00

Monthly NOI$38,880.00
Monthly Debt Service$36,862.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00