Financing consists of a $32,300,000 fixed-rate loan at 5.81% with a 36-year loan term. Debt service coverage is structured at 1.0x.
Leverage profile
Loan amount$32.30M77.8% of offering · 77.78% LTV
Offering equity$9.23M22.2% of offering
Loan Amount
$32,300,000
Term
36-year loan term
Interest Rate
5.81%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
1.0x
Acquisition LTV
77.78%
Offering LTV
77.78%
Strengths
- Fixed interest rate of 5.81% eliminates floating rate risk
- Long-term 36-year loan structure
Concerns
- High leverage profile at 77.78% LTV
- Strict 1.0x DSCR constraint