RRA Capital Provides $7.63 Million Loan For Retail Asset In Seattle
FINANCED
$7,630,000
Washington
See Similar DealsRetail
Financed
FINANCED
RRA Capital Provides $7.63 Million Loan For Retail Asset In Seattle
1523 15th Ave
See Similar DealsRetail
Financed
Summary
WASHINGTON
Asset Type:Retail
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,630,000.00
Monthly NOI$50,866.67
Monthly Debt Service$48,226.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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