FINANCEDMultiFamily
Arbor Realty Trust Provides $14.7M Refinance Loan For Multifamily Property In Mobile, AL
6964 Airport Boulevard & 5725 Old Pascagoula Road
$14,747,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 19, 2023
AI
A $14,747,000 loan has been secured for the multifamily property located at 6964 Airport Boulevard & 5725 Old Pascagoula Road in Mobile, AL. The property consists of 334 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,747,000
- Address: 6964 Airport Boulevard & 5725 Old Pascagoula Road, Mobile, AL
- Market: Mobile, AL
- Units: 334
The loan was provided by Arbor Realty Trust for refinancing purposes. Alex Jaffa & Michael Muller from Eastern Union acted as brokers in the deal.
Players
Mobile 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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93