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:
- Property Type: Multifamily
- Transaction Amount: $34,775,000
- Address: 10510 Chantilly Parkway
- Market: Montgomery
- Lender: Synovus Bank
- Landlord: Jeronimo Hirschfeld & Thomas Kochak - One Real Estate Investment
- Brokers: Brad Williamson, Patrick Johnson, Mitch Sinberg, Scott Wadler & Matthew Robbins - Berkadia
- Loan Type: Construction
- Loan Terms: floating rate
- Units: 264
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
Montgomery MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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