RRA Capital Provides $3.525 Million Loan For McKinney School At 6800 Bountiful Grove Dr
6800 Bountiful Grove Dr.
$3,525,000
$22/SF
Building Size
154,070 SF
Asset Type
School
Closing
May 14, 2020
About this deal
AI
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:
- Property Type: School
- Transaction Amount: $3,525,000.00
- Market: McKinney
- Lender: RRA Capital
- Brokers: Chris Natale
- Loan Date: 05/14/2020
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.
On the Map
$3,525,000
$22/SF
School
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Players
McKinney School Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93