facebook

traded

+ Submit
Home

/

Deals

/

Alabama

/

Multifamily

/

Loan

/

10510 Chantilly Parkway

Jeronimo Hirschfeld & Thomas Kochak Secure $34.78M Construction Loan From Synovus Bank For Multifamily Asset In Montgomery
FINANCEDMultiFamily

Jeronimo Hirschfeld & Thomas Kochak Secure $34.78M Construction Loan From Synovus Bank For Multifamily Asset In Montgomery

10510 Chantilly Parkway

$34,775,000

$131,723/SF

Building Size

264 SF

Asset Type

MultiFamily

Closing

Feb 14, 2025

AI

The property asset involved in the transaction is a multifamily unit located at 10510 Chantilly Parkway in the Montgomery market, comprising 264 units. The loan amount for this construction project is $34,775,000 with floating rate terms established by the lender, Synovus Bank.

Summary of transaction details:

The key individuals involved in this transaction are Jeronimo Hirschfeld and Thomas Kochak, who represent the landlord under One Real Estate Investment. The broker representation for this deal includes Brad Williamson, Patrick Johnson, Mitch Sinberg, Scott Wadler, and Matthew Robbins from Berkadia, facilitating the loan arrangement with Synovus Bank for the construction financing.

Players

Brad Williamson

Berkadia

Broker

$7B

vol

111 deals

Broker
Synovus Bank
Synovus BankLender
Jeronimo Hirschfeld

Jeronimo Hirschfeld

One Real Estate Investment

Landlord

$62.5M

vol

4 deals

Landlord
One Real Estate Investment
One Real Estate InvestmentLandlord

Montgomery MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93