facebook

traded

+ Submit
Home

/

Deals

/

Virginia

/

Mobile Home

/

Loan

/

76 Dean Ray Ct.

RRA Capital Provides $6.16M Loan For Mobile Home At 76 Dean Ray Ct Newport News
FINANCEDMobile Home

RRA Capital Provides $6.16M Loan For Mobile Home At 76 Dean Ray Ct Newport News

76 Dean Ray Ct.

$6,160,000

Building Size

Asset Type

Mobile Home

Closing

Dec 21, 2021

AI

The property asset involved in the transaction is a mobile home located at 76 Dean Ray Ct. in Newport News. The loan amount secured for this property is $6,160,000.00.

Summary of transaction details:

The deal features Kevin Byrd from JLL representing the transaction, acting on behalf of the involved parties in securing the loan from the lender, RRA Capital. This transaction underscores the collaboration between financial institutions and brokers in facilitating mobile home investments.

Players

Kevin Byrd

JLL

Broker

$305M

vol

6 deals

Broker
RRA Capital
RRA CapitalLender

Newport News Mobile Home Market Snapshot

Boundary boundary · Mobile Home · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.58%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93