The property is encumbered by a $29,700,000 loan with a 120-month term at a fixed interest rate of 4.86%. Leverage is 48.6% LTV with an initial debt service coverage ratio of 2.01x.
Leverage profile
Loan amount$29.70M48.6% of offering · 48.6% LTV
Offering equity$31.36M51.4% of offering
Loan Amount
$29,700,000
Term
120 Months
Interest Rate
4.86%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
2.01x
Acquisition LTV
48.6%
Offering LTV
48.6%
Strengths
- Fixed interest rate of 4.86% for 120 months
- Strong initial DSCR of 2.01x
- Moderate 48.6% loan-to-value
Concerns
- $29,700,000 in debt obligations