The property is leveraged with a $28,033,000 fixed-rate loan at 5.32% interest over approximately 10 years, achieving a DSCR of 1.74x.
Leverage profile
Loan amount$28.03M88.4% of offering · — LTV
Offering equity$3.68M11.6% of offering
Loan Amount
$28,033,000
Term
Approximately 10 years
Interest Rate
5.32%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
1.74x
Acquisition LTV
—
Offering LTV
—
Strengths
- Fixed interest rate of 5.32% over 10 years.
- 1.74x DSCR provides operational cushion.
Concerns
- Financing expenses total $515,611.
- Lender requires $678,546 in dedicated reserves.