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1523 15th Ave

RRA Capital Provides $7.63 Million Loan For Retail Asset In Seattle
FINANCEDRetail

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

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:

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.

Players

Russ Arnold

Palmer Capital

Broker

1 deal

Broker
RRA Capital
RRA CapitalLender
Sterling Organization
Sterling OrganizationLandlord

Seattle Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

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