The acquisition utilizes $40,801,000 in debt financing with a 2.16x DSCR. Financing and lender-related expenses total $1,140,826, with lender-required reserves established at $305,148.
Leverage profile
Loan amount$40.80M83.4% of offering · — LTV
Offering equity$8.10M16.6% of offering
Loan Amount
$40,801,000
Term
—
Interest Rate
—
Fixed / Variable
—
Prepayment Penalty
—
DSCR
2.16x
Acquisition LTV
—
Offering LTV
—
Strengths
- Strong debt service coverage ratio of 2.16x.
- Lender-required reserves of $305,148 funded at closing.
Concerns
- Loan and lender expenses total $1,140,826.