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820 Forest Point Circ.

RRA Capital Provides $5,095,000 Loan For Office Property At 820 Forest Point Circle In Charlotte
FINANCEDOffice

RRA Capital Provides $5,095,000 Loan For Office Property At 820 Forest Point Circle In Charlotte

820 Forest Point Circ. & 701 Forest Point Circ.

$5,095,000

$73/SF

Building Size

69,024 SF

Asset Type

Office

Closing

Dec 15, 2016

AI

The property involved in this transaction is an office asset located at 820 Forest Point Circle, Charlotte. The loan amount associated with this transaction is $5,095,000.00.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,095,000.00
  • Address: 820 Forest Point Circ.
  • Market: Charlotte
  • Lender: RRA Capital
  • Broker: C.J. Kelly (JLL)
  • Loan Date: 12/15/2016

This transaction involved C.J. Kelly from JLL representing the borrower in securing the loan from RRA Capital, facilitating the financial arrangement for the office property.

Players

C.J. Kelly

JLL

Broker

$125M

vol

4 deals

Broker
RRA Capital
RRA CapitalLender
TerraCap Management
TerraCap ManagementLandlord

Charlotte Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93