Robert Bhat Of Marcus & Millichap Arranges $4.25M Loan For 21-Unit Multifamily Property In Dothan

The asset involved in this transaction is a 21-unit multifamily property located at 193 South Saint Andrews Street in Dothan, Alabama. The property secured a loan amount of $4,249,600, with specific characteristics including a long-term, fully amortized loan carrying a 5.8% interest rate and a loan-to-value ratio of 85%.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $4,249,600
• Loan Amount: $4,250,000
• Units: 21
• Address: 193 South Saint Andrews Street, Dothan, AL
• Broker: Robert Bhat - Marcus & Millichap
• Market: Dothan, AL
• Loan Terms: 35-year fully amortized term, Non-recourse loan, 5.8% interest rate

The financing for this deal was arranged by Marcus & Millichap Capital Corporation, with the brokerage representation provided by Robert Bhat from MMCC’s Miami office. The transaction highlights the agency financing secured for the luxury multifamily property in the specified market.