The property is capitalized with a $74,500,000 fixed-rate loan at 5.09%, reflecting a conservative 37.27% LTV.
Leverage profile
Loan amount$74.50M54.7% of offering · 37.27% LTV
Offering equity$61.75M45.3% of offering
Loan Amount
$74,500,000
Term
—
Interest Rate
5.09%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
—
Acquisition LTV
37.27%
Offering LTV
37.27%
Strengths
- Conservative leverage of 37.27% LTV
- Fixed interest rate of 5.09%
Concerns
- Loan & lender expenses total $3,745,000
- Debt rate exceeds initial cap rate