The trust secured a $17,600,000 loan with a 10-year fixed term at 5.1% interest, maintaining a 45% LTV and a 2.53x DSCR.
Leverage profile
Loan amount$17.60M44.7% of offering · 45% LTV
Offering equity$21.81M55.3% of offering
Loan Amount
$17,600,000
Term
10-Year Loan Term
Interest Rate
5.1%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
2.53x
Acquisition LTV
45%
Offering LTV
45%
Strengths
- 10-year fixed interest rate of 5.1%
- Substantial debt service coverage ratio of 2.53x
Concerns
- $17,600,000 principal debt requires refinancing at term maturity
- Debt burden requires continuous master tenant lease performance