RRA Capital Provides $7.2 Million Loan For Office Property At 700 E Morehead St In Charlotte
FINANCED
$7,200,000
North Carolina
See Similar DealsOffice
Financed 08/21/2024
FINANCED
RRA Capital Provides $7.2 Million Loan For Office Property At 700 E Morehead St In Charlotte
700 E Morehead St.
See Similar DealsOffice
Financed 08/21/2024
Summary
NORTH CAROLINA
Asset Type:Office
Transaction Type:Loan
The asset involved in this transaction is an office property located at 700 E Morehead St., Charlotte. The loan amount secured for this property is $7,200,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,200,000.00
- Address: 700 E Morehead St.
- Market: Charlotte
- Lender: RRA Capital
- Brokers: Shippen Browne
- Date: 08/21/2024
The deal features representation by Shippen Browne, who acted in the capacity of broker for this transaction. RRA Capital provided the financing for the deal, demonstrating their role as the lender. The transaction was recorded on August 21, 2024.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,200,000.00
Monthly NOI$48,000.00
Monthly Debt Service$45,508.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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