RRA Capital Provides $5.84M Loan For Other Asset At 1500 Harmon Ave Columbus
1500 Harmon Ave, 1669 Harmon Ave, 3616 Fisher Rd & 3815 Lockbourne Ind Pky
$5,840,000
Building Size
—
Asset Type
Other
Closing
Oct 12, 2021
About this deal
AI
The property asset involved in this transaction is located at 1500 Harmon Ave, Columbus. This asset is classified as "Other" and the transaction encompasses a loan amount of $5,840,000.00 secured for this property as part of the deal.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $5,840,000.00
- Address: 1500 Harmon Ave
- Market: Columbus
- Lender: RRA Capital
- Brokers: Bryan Cox
In this transaction, Bryan Cox represents the brokerage side, facilitating the loan agreement between the involved parties. The representation by Bryan Cox is crucial in managing the loan process with RRA Capital as the lender.
On the Map
$5,840,000
Other
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Players
Columbus Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93