The acquisition is funded with $48,855,000 in fixed-rate debt at an interest rate of 5.17% over a ten (10) year term. The initial DSCR is 1.03x.
Leverage profile
Loan amount$48.85M107.0% of offering · — LTV
Loan Amount
—
Term
Ten (10) year term
Interest Rate
5.17%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
1.03x
Acquisition LTV
—
Offering LTV
—
Strengths
- Fixed interest rate of 5.17%
- Long-term 10-year debt maturity matches trust horizon
Concerns
- Initial DSCR is narrow at 1.03x
- Debt load of $48,855,000