RRA Capital Provides $15 Million Loan For Office Property At 1021 Sw 4th Ave Portland
1021 Sw 4th Ave.
$15,000,000
$296/SF
Building Size
50,678 SF
Asset Type
Office
Closing
Nov 14, 2018
About this deal
AI
The property asset involved in this transaction is an office located at 1021 Sw 4th Ave in the Portland market. The loan amount for this transaction is $15,000,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,000,000.00
- Date: 11/14/2018
- Lender: RRA Capital
- Broker: Nick Santangelo (CBRE)
This deal involved Nick Santangelo from CBRE, representing the lender RRA Capital in securing the loan for this office asset located in Portland.
The office loan at 1021 Sw 4th Ave. in Portland, Oregon financed for $15M in 2018. The building is 50,678 square feet, implying about 296 per square foot on the published price. Nick Santangelo, CBRE appear on the loan alongside CBRE. This page is the Portland, Oregon file for the 1021 Sw 4th Ave. office financed: pricing, party profiles, and other closed office comps from the same Portland sit in the Market section below. Filter that Portland office set by closing date to see what else financed near 1021 Sw 4th Ave. around 2018. Published consideration for 1021 Sw 4th Ave. is $15M, dated 2018. Cite this RRA Capital Provides $15 Million Loan For Office Property At 1021 Sw 4th Ave Portland loan when underwriting similar office product around Portland, Oregon.
Players
Portland 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93