The offering utilizes $41,774,000 in fixed-rate debt at an interest rate of 5.02%, reflecting a 54.3% LTV. Debt service coverage ratio is underwritten at 1.89x, with finance expenses totaling $1,031.
Leverage profile
Loan amount$41.77M49.3% of offering · 54.3% LTV
Offering equity$42.95M50.7% of offering
Loan Amount
—
Term
—
Interest Rate
5.02%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
1.89x
Acquisition LTV
54.3%
Offering LTV
54.3%
Strengths
- Fixed interest rate at 5.02%
- Conservative DSCR of 1.89x at 54.3% LTV
Concerns
- Refinancing fee of 1.00% of new loan amount applies if refinanced