Updated Feb 4, 2025
RRA Capital Provides $9 Million Loan For Multifamily Asset In Aiken, SC
2000 Trotters Run Court
$9,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 22, 2023
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 2000 Trotters Run Court in Aiken. The loan amount secured for this property is $9,000,000.00, facilitating the financing arrangement associated with this deal.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $9,000,000.00
- Address: 2000 Trotters Run Court
- Market: Aiken
- Lender: RRA Capital
- Broker: Mike McKee
The key individuals involved in the transaction include Mike McKee, who acts as the broker in this deal. RRA Capital is the lender providing the financing necessary for the acquisition of the property, showcasing the collaborative efforts between financial institutions and real estate professionals in securing deals within the multi-family sector.
On the Map
$9,000,000
MultiFamily
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Players
Aiken MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93