Updated Aug 14, 2026
Cornerstone Capital Secures $6,942,000 Loan From SM Capital For Cloverdale Estates In Montgomery
3453 E Audubon Rd A1
$6,942,000
$65/SF
Building Size
106,000 SF
Asset Type
MultiFamily
Closing
Feb 15, 2025
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 3453 E Audubon Rd A1 in the Montgomery market. The total square footage of the property is 106,000, and the loan amount secured for the purchase is $6,942,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,942,000.00
- Address: 3453 E Audubon Rd A1
- Market: Montgomery
- Lender: SM Capital, Inc., Lument (Fannie Mae)
- Landlord: Cornerstone Capital - Cloverdale Estates
- Loan Type: Purchase
- Loan Date: 02/15/2025
The transaction involves SM Capital, Inc. and Lument as lenders providing financing through Fannie Mae. The landlord for this property is Cornerstone Capital, specifically under the name Cloverdale Estates, which plays a significant role in managing the property involved in this deal.
On the Map
$6,942,000
$65/SF
MultiFamily
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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
2.29%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93