Financing consists of a $21,200,000 fixed-rate loan at 5.95% interest maturing on 2/1/2036, maintaining an LTV of 49.6% and a 1.15 to 1.00 initial DSCR.
Leverage profile
Loan amount$21.20M98.5% of offering · 49.6% LTV
Offering equity$330K1.5% of offering
Loan Amount
$21,200,000
Term
2/1/2036
Interest Rate
5.95%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
1.15 to 1.00
Acquisition LTV
49.6%
Offering LTV
49.6%
Strengths
- Fixed interest rate of 5.95% through 2/1/2036
- Moderate leverage at 49.6% LTV
Concerns
- Initial DSCR is low at 1.15 to 1.00
- Financing expenses total $612,773