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2000 Trotters Run Court

Updated Feb 4, 2025

RRA Capital Provides $9 Million Loan For Multifamily Asset In Aiken, SC
FINANCEDMultiFamily

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:

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

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$9,000,000

MultiFamily

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Players

Mike McKee

Newmark

Broker

5 deals

Broker
RRA Capital
RRA CapitalLender
Springer Capital
Springer CapitalLandlord

Aiken MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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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

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