The trust secured $68,750,000 in fixed-rate debt with an interest rate of 4.91%. Debt terms establish a conservative 47.04% LTV and a strong DSCR of 2.06x.
Leverage profile
Loan amount$68.75M88.8% of offering · 47.04% LTV
Offering equity$8.65M11.2% of offering
Loan Amount
$68,750,000
Term
—
Interest Rate
4.91%
Fixed / Variable
Fixed
Prepayment Penalty
—
DSCR
2.06x
Acquisition LTV
47.04%
Offering LTV
47.04%
Strengths
- Low leverage structure at 47.04% LTV
- Strong debt service coverage ratio of 2.06x
- Fixed interest rate of 4.91% eliminating rate exposure
Concerns
- Financing expenses and lender fees total $1,776,563