RRA Capital Provides $15 Million Loan For Office Property At 1021 Sw 4th Ave Portland
FINANCED
$15,000,000
Oregon
See Similar DealsOffice50,678 SF
Financed 11/14/2018
FINANCED
RRA Capital Provides $15 Million Loan For Office Property At 1021 Sw 4th Ave Portland
1021 Sw 4th Ave.
See Similar DealsOffice50,678 SF
Financed 11/14/2018
Summary
OREGON
Asset Type:Office
Price Per Square Foot:$296
Total Square Footage:50,678 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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