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Tusk Equity Partners Acquires Multifamily Property In Montgomery, AL For $8.1M

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FINANCED
$8,075,000
Phil Goldstein
Steven Vegh
Moshie Horn

Alabama

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MultiFamily166,630 SF
Financed 04/28/2022
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Property Image
FINANCED

Tusk Equity Partners Acquires Multifamily Property In Montgomery, AL For $8.1M

2259 Bonaparte Boulevard, Montgomery, Alabama 36116, United States

See Similar Deals
MultiFamily166,630 SF
Financed 04/28/2022
Phil Goldstein
Steven Vegh
Moshie Horn
the dealplayerscompscontact
Contact now

Summary

ALABAMA
Asset Type:MultiFamily
Price Per Square Foot:$48
Total Square Footage:166,630 SF
Transaction Type:Loan

The multifamily property located at 2259 Bonaparte Blvd. in Montgomery, AL has been the subject of a recent transaction. The property spans approximately 166,630 square feet and consists of 175 units. It was acquired through an acquisition loan.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,075,000
  • Loan Type: Acquisition
  • Loan Terms: 3-year full term interest-only with an 85% loan-to-value ratio

Tusk Equity Partners, represented by Moshe Horn, acted as the landlord in this deal. The brokerage services were provided by Steven Vegh and Phil Goldstein from Westwood Realty Associates.

Players

Steven Vegh
Westwood Realty Associates
Steven Vegh
68 deals$2.5B volume(917) 715-8259
BROKER
Steven Vegh
Westwood Realty Associates
Steven Vegh
68 deals$2.5B volume(917) 715-8259
BROKER
Phil Goldstein
Phil Goldstein
22 deals$515.7M volume
BROKER
Moshie Horn
Moshie Horn
7 deals$150.1M volume
LANDLORD

Details

FINANCED
IMAGE: Steven Vegh, Moshe Horn & Phil Goldstein DATE: 04/28/2022 ADDRESS: 2259 Bonaparte Blvd. MARKET: Montgomery, AL ASSET TYPE: Multifamily ~ SF: 166,630 ~ UNITS: 175 LANDLORD: Tusk Equity Partners - Moshe Horn BROKERS: Steven Vegh (@StevenVegh) & Phil Goldstein (@Phil_Goldstein_84) - Westwood Realty Associates (@Westwood_Realty) LOAN AMOUNT: $8,075,000 LOAN TYPE: Acquisition LOAN TERMS: 3Y Full Term IO, 85% LT

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,075,000.00

Monthly NOI$53,833.33
Monthly Debt Service$51,039.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00