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RRA Capital Provides $3.525 Million Loan For McKinney School At 6800 Bountiful Grove Dr

Property Image
FINANCED
$3,525,000

Texas

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School154,070 SF
Financed 05/14/2020
the dealplayerscompscontact
Property Image
FINANCED

RRA Capital Provides $3.525 Million Loan For McKinney School At 6800 Bountiful Grove Dr

6800 Bountiful Grove Dr.

See Similar Deals
School154,070 SF
Financed 05/14/2020
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:School
Price Per Square Foot:$22
Total Square Footage:154,070 SF
Transaction Type:Loan

The asset involved in this transaction is a school located at 6800 Bountiful Grove Dr. in McKinney. The loan provided amounts to $3,525,000.00, facilitating the financing of this educational property.

Summary of transaction details:

In this transaction, Chris Natale serves as the broker representing the deal, working with RRA Capital as the lender, which provides the financing necessary for the acquisition of the asset in question.

Players

BMC Capital
BMC Capital
BROKERAGE
RRA Capital
RRA Capital
LENDER

Details

FINANCED
IMAGE: 05/14/2020 ADDRESS: 6800 Bountiful Grove Dr. MARKET: McKinney ASSET TYPE: School BROKERS: Chris Natale() LENDER: RRA Capital LOAN AMOUNT: $3,525,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,525,000.00

Monthly NOI$23,500.00
Monthly Debt Service$22,280.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00