RRA Capital Provides $5,095,000 Loan For Office Property At 820 Forest Point Circle In Charlotte
FINANCED
$5,095,000
North Carolina
See Similar DealsOffice69,024 SF
Financed 12/15/2016
FINANCED
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.
See Similar DealsOffice69,024 SF
Financed 12/15/2016
Summary
NORTH CAROLINA
Asset Type:Office
Price Per Square Foot:$73
Total Square Footage:69,024 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,095,000.00
Monthly NOI$33,966.67
Monthly Debt Service$32,203.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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