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
Charlotte Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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