RRA Capital Provides $9.31M Loan For MultiFamily Asset At 3605 Walden Ln High Point
FINANCED
$9,308,000
North Carolina
See Similar DealsMultiFamily88,534 SF
Financed 09/25/2024
FINANCED
RRA Capital Provides $9.31M Loan For MultiFamily Asset At 3605 Walden Ln High Point
3605 Walden Ln.
See Similar DealsMultiFamily88,534 SF
Financed 09/25/2024
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$105
Total Square Footage:88,534 SF
Transaction Type:Loan
The property involved in this transaction is a MultiFamily asset located at 3605 Walden Ln. in the High Point market. The loan amount secured for this asset is $9,308,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $9,308,000.00
- Address: 3605 Walden Ln.
- Market: High Point
- Lender: RRA Capital
- Brokers: Josh Crowell
- Loan Date: 09/25/2024
This transaction involved key individuals and companies, with Josh Crowell representing the broker in this deal. The lender, RRA Capital, provided the financing for the MultiFamily asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,308,000.00
Monthly NOI$62,053.33
Monthly Debt Service$58,832.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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