The property carries a $42,556,000 loan with a 5.08% fixed rate, 7-Year Term, 39.26% LTV, and a 2x DSCR.
Leverage profile
Loan amount$42.56M56.8% of offering · 39.26% LTV
Offering equity$32.39M43.2% of offering
Loan Amount
$42,556,000
Term
7-Year Term
Interest Rate
5.08%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
2x
Acquisition LTV
39.26%
Offering LTV
39.26%
Strengths
- Fixed interest rate of 5.08% for a 7-Year Term
- Strong coverage with 2x DSCR
Concerns
- Balloon principal risk upon 7-year maturity