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Arbor Realty Trust Provides $14.7M Refinance Loan For Multifamily Property In Mobile, AL
FINANCED
$14,747,000
Alabama
See Similar DealsMultiFamily
Financed 06/19/2023
FINANCED
Arbor Realty Trust Provides $14.7M Refinance Loan For Multifamily Property In Mobile, AL
6964 Airport Boulevard & 5725 Old Pascagoula Road
See Similar DealsMultiFamily
Financed 06/19/2023
Summary
ALABAMA
Asset Type:MultiFamily
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,747,000.00
Monthly NOI$98,313.33
Monthly Debt Service$93,211.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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