RRA Capital Provides $3.42M Loan For Office Property At 8215 Forest Point Blvd
FINANCED
$3,419,771
North Carolina
See Similar DealsOffice
Financed 04/26/2016
FINANCED
RRA Capital Provides $3.42M Loan For Office Property At 8215 Forest Point Blvd
8215 Forest Point Blvd.
See Similar DealsOffice
Financed 04/26/2016
Summary
NORTH CAROLINA
Asset Type:Office
Transaction Type:Loan
The asset involved in this transaction is an office property located at 8215 Forest Point Blvd. in Charlotte. The loan amount secured for this property was $3,419,771.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,419,771.00
- Address: 8215 Forest Point Blvd.
- Market: Charlotte
- Lender: RRA Capital
- Broker: Cory Fowler (JLL)
The deal was facilitated by broker Cory Fowler from JLL, representing the interests of the involved parties in the transaction. The lender for this deal was RRA Capital, contributing to the financial structuring of the loan for the office property.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,419,771.00
Monthly NOI$22,798.47
Monthly Debt Service$21,615.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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