Updated Oct 28, 2024
Bank Rhode Island Provides $3.5M Loan For Self Storage Property In Warwick, RI
2860 Post Road, Warwick, Rhode Island 02886, United States
$3,500,000
Building Size
—
Asset Type
—
Closing
Jun 9, 2022
About this deal
AI
Keb Brackenbury from Bank Rhode Island provided a $3,500,000 loan for the self storage property located at 2860 Post Rd in Warwick, RI. The property belongs to Malibu Investments, LLC.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: $3,500,000
- Lender: Bank Rhode Island - Keb Brackenbury
- Landlord: Malibu Investments, LLC
- Address: 2860 Post Rd, Warwick, RI
Keb Brackenbury from Bank Rhode Island acted as the lender for this deal, providing the necessary funds for the transaction. Malibu Investments, LLC owns the self storage property located at 2860 Post Rd in Warwick, RI.
Players
Warwick CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93