Updated Feb 4, 2025
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
About this deal
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:
- Property Type: Mobile Home
- Transaction Amount: $6,160,000.00
- Market: Newport News
- Loan Date: 12/21/2021
- Lender: RRA Capital
- Broker: Kevin Byrd (JLL)
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.
On the Map
$6,160,000
Mobile Home
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Newport News Mobile Home Market Snapshot
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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