Outlines the $7,710,000 fixed-rate debt package at 5% interest over a 5-year term with 2.32x DSCR and 47.32% LTV.
Leverage profile
Loan amount$7.71M47.3% of offering · 47.32% LTV
Offering equity$8.59M52.7% of offering
Loan Amount
$7,710,000
Term
5 Years
Interest Rate
5%
Fixed / Variable
Fixed
Prepayment Penalty
No prepayment penalty, but may result in swap termination fee
DSCR
2.32x
Acquisition LTV
47.32%
Offering LTV
47.32%
Strengths
- Strong debt service coverage ratio of 2.32x
- Conservative leverage with 47.32% LTV
- Fixed interest rate of 5% over loan duration
Concerns
- Loan term is limited to 5 years
- Prepayment may trigger swap termination fees