Financing consists of a $39,215,000 fixed-rate loan at 5.01% interest with a 46.93% LTV and a 2.06x debt service coverage ratio.
Leverage profile
Loan amount$39.22M46.9% of offering · 46.93% LTV
Offering equity$44.35M53.1% of offering
Loan Amount
$39,215,000
Term
—
Interest Rate
5.01%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
2.06x
Acquisition LTV
46.93%
Offering LTV
46.93%
Strengths
- Conservative 46.93% LTV provides substantial equity cushion.
- Healthy 2.06x DSCR with fixed 5.01% borrowing cost.
Concerns
- Debt interest rate of 5.01% exceeds the 5% acquisition cap rate.