RRA Capital Provides $2,462,595 Loan For Retail Property At 3415 Calumet Ave Manitowoc
3415 Calumet Ave.
$2,462,595
Building Size
—
Asset Type
Retail
Closing
Oct 21, 2022
About this deal
AI
The asset involved in this closed transaction is a retail property located at 3415 Calumet Ave. in the Manitowoc market. The loan amount secured for this transaction was $2,462,595.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,462,595.00
- Loan Date: 10/21/2022
- Lender: RRA Capital
- Broker: Anthony Longo - Alpha Capital
This transaction showcases the involvement of Anthony Longo as the broker representing the parties in the deal. The financing was facilitated through RRA Capital, highlighting the collaboration between the broker and the lender in securing the loan amount for this retail property.
On the Map
$2,462,595
Retail
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Players
Manitowoc Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.44%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93