The property is financed with a $129,587,387 fixed-rate loan at 5.784%, resulting in a 76.7% offering and acquisition LTV. Financing costs and loan expenses total $88,130. A 1.0% refinancing fee applies to any future replacement debt.
Leverage profile
Loan amount$129.59M76.7% of offering · 76.7% LTV
Offering equity$39.36M23.3% of offering
Loan Amount
$129,587,387
Term
—
Interest Rate
5.784%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
—
Acquisition LTV
76.7%
Offering LTV
76.7%
Strengths
- Fixed interest rate of 5.784%
- Clear refinancing fee terms of 1.0%
Concerns
- High debt burden of $129,587,387
- High leverage ratio of 76.7% LTV