The trust secured a $35,805,000 fixed-rate loan at 6.1% interest maturing March 11, 2036, establishing a 47.1% LTV.
Leverage profile
Loan amount$35.80M47.1% of offering · 47.1% LTV
Offering equity$40.18M52.9% of offering
Loan Amount
$35,805,000
Term
March 11, 2036
Interest Rate
6.1%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
—
Acquisition LTV
47.1%
Offering LTV
47.1%
Strengths
- Fixed interest rate of 6.1% eliminates floating rate risk
- Extended loan term through March 11, 2036
Concerns
- Substantial lender-required reserve mandate of $1,862,684
- Total debt load of $35,805,000 encumbering the single property