Updated Feb 4, 2025
RRA Capital Provides $7.63 Million Loan For Retail Asset In Seattle
1523 15th Ave
$7,630,000
Building Size
—
Asset Type
Retail
Closing
Jun 14, 2019
About this deal
AI
The asset involved in this transaction is a retail property located at 1523 15th Ave in Seattle. The loan amount secured for this property is $7,630,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,630,000.00
- Market: Seattle
- Lender: RRA Capital
- Brokers: Russ Arnold
- Loan Date: 06/14/2019
This transaction was facilitated by Russ Arnold, who acted as the broker representing the deal. The involvement of RRA Capital as the lender highlights the financial backing for this retail asset transaction.
On the Map
$7,630,000
Retail
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Players
Seattle Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.08%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93