The acquisition is financed with a $20,455,000 fixed-rate loan at 5.07% interest, maturing February 1, 2036. The loan represents a 46.5% LTV on both acquisition and total offering values, with $979,605 incurred in finance expenses.
Leverage profile
Loan amount$20.45M46.5% of offering · 46.5% LTV
Offering equity$23.52M53.5% of offering
Loan Amount
$20,455,000
Term
10-year term with a maturity date of February 1, 2036
Interest Rate
5.07%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
—
Acquisition LTV
46.5%
Offering LTV
46.5%
Strengths
- Fixed interest rate of 5.07% locked through February 1, 2036
- Long 10-year maturity eliminates mid-term refinancing exposure
Concerns
- Financing expenses totaled $979,605 at loan closing
- Refinancing fee of 1% applies to future debt execution