Urban Standard Capital Provides $10.5M Loan For Multifamily Property Acquisition In Huntsville, AL
2610 Mirabeau Dr. Huntsville, AL 35805, USA
$10,500,000
$61/SF
Building Size
169,696 SF
Asset Type
MultiFamily
Closing
Sep 8, 2022
AI
Located at 2610 Mirabeau Dr. in Huntsville, AL, this multifamily property spans across 169,696 square feet and comprises 229 units. The transaction, which occurred on 09/09/2022, involved an acquisition loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Lender: Urban Standard Capital
- Lender's Representatives: Seth Weissman, Bean, Charlie Brosens & Robert Levine
Urban Standard Capital (USC) has made its way to Alabama with this bridge and construction lending opportunity. For inquiries relating to the loan, contact Charlie at [email protected] or Robert at [email protected].
Players
Huntsville 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93