MFP Capital Secures $20 Million Acquisition Loan For 156-Unit Multifamily In Mobile AL
FINANCED
$20,000,000
Alabama
See Similar DealsMultiFamily300,000 SF
Financed 10/08/2025
FINANCED
MFP Capital Secures $20 Million Acquisition Loan For 156-Unit Multifamily In Mobile AL
MultiFamily300,000 SF
Financed 10/08/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$66
Total Square Footage:300,000 SF
Transaction Type:Loan
The transaction involves a multifamily property with 156 units located in Mobile, AL. The loan amount secured for this acquisition is $20,000,000 with a structure reflecting a Debt Fund Execution. The loan terms consist of a 3+1+1 term, full term interest-only payments, and a +270 basis points equivalent to the benchmark rate.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Lender: BrightSpire Capital
- Landlord: MFP Capital
- Loan Type: Acquisition
- Loan Terms: Debt Fund Execution | 3+1+1 Term | Full Term IO | +270
- Brokers: Ricky Warner, Henry Stimler & William Weber - Newmark
The key figures associated with this transaction include brokers Ricky Warner, Henry Stimler, and William Weber, all representing the deal through Newmark. Their involvement indicates a coordinated effort in securing financing for the multifamily asset under the management of MFP Capital and provided by BrightSpire Capital.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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