The transaction includes fixed-rate financing at a 5.27% interest rate with a 1.64x DSCR. Financing expenses associated with the debt structure total $540,000.
Leverage profile
All-cash offering — no mortgage debt, so there is no leverage to chart.
Loan Amount
—
Term
—
Interest Rate
5.27%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
1.64x
Acquisition LTV
—
Offering LTV
—
Strengths
- Fixed interest rate of 5.27%.
- DSCR of 1.64x provides debt service cushion.
Concerns
- Finance expenses total $540,000.