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8215 Forest Point Blvd.

RRA Capital Provides $3.42M Loan For Office Property At 8215 Forest Point Blvd
FINANCEDOffice

RRA Capital Provides $3.42M Loan For Office Property At 8215 Forest Point Blvd

8215 Forest Point Blvd.

$3,419,771

Building Size

Asset Type

Office

Closing

Apr 26, 2016

AI

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:

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

Cory Fowler

JLL

Broker

$101.8M

vol

2 deals

Broker
RRA Capital
RRA CapitalLender
Stream Realty Partners⁠
Stream Realty Partners⁠Landlord

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

4.64%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93