The trust secured a $37,330,000 fixed-rate loan at 5.12% interest, resulting in an offering LTV of 43.97% and a DSCR of 2.32. Financing expenses total $1,498,178 with loan and lender expenses of $25,000.
Leverage profile
Loan amount$37.33M44.0% of offering · 0.5% LTV
Offering equity$47.57M56.0% of offering
Loan Amount
$37,330,000
Term
11.8 Years Weighted-Average Lease Term
Interest Rate
5.12%
Fixed / Variable
Fixed-rate
Prepayment Penalty
—
DSCR
2.32
Acquisition LTV
0.5%
Offering LTV
43.97%
Strengths
- Fixed-rate debt structure at 5.12%
- Strong underwritten DSCR of 2.32
Concerns
- Financing expenses total $1,498,178
- Lender-required reserves total $86,170