RRA Capital Provides $5,265,000 Loan For Industrial Asset At 707 Spence Ln In Nashville
FINANCED
$5,265,000
Tennessee
See Similar DealsIndustrial69,596 SF
Financed 04/30/2019
FINANCED
RRA Capital Provides $5,265,000 Loan For Industrial Asset At 707 Spence Ln In Nashville
707 Spence Ln.
See Similar DealsIndustrial69,596 SF
Financed 04/30/2019
Summary
TENNESSEE
Asset Type:Industrial
Price Per Square Foot:$75
Total Square Footage:69,596 SF
Transaction Type:Loan
The asset involved in the transaction is an industrial property located at 707 Spence Ln., Nashville. The loan amount for this transaction is $5,265,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,265,000.00
- Loan Date: 04/30/2019
- Broker: Ryan Horowitz - Cooper Horowitz
- Lender: RRA Capital
The deal involves Ryan Horowitz representing the broker in this transaction while working with the lender, RRA Capital, to facilitate the loan process for the industrial asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,265,000.00
Monthly NOI$35,100.00
Monthly Debt Service$33,278.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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