The trust secured a 120-month fixed-rate loan of $52,350,000 at a 4.85% interest rate, achieving an initial 1.81x DSCR and 53.1% offering LTV.
Leverage profile
Loan amount$52.35M53.0% of offering · 53.05% LTV
Offering equity$46.33M47.0% of offering
Loan Amount
$52,350,000
Term
120 Months
Interest Rate
4.85%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
1.81x
Acquisition LTV
53.05%
Offering LTV
53.1%
Strengths
- 120-month fixed interest rate of 4.85%.
- Solid 1.81x initial DSCR.
Concerns
- Balloon maturity at end of 120-month term requires refinancing or sale.