Iron Hound Management Arranges $80M Refinance Loan For Huntsville Office Properties
301 Voyager Way Northwest, Huntsville, AL, USA
$80,000,000
Building Size
—
Asset Type
Office
Closing
Jul 19, 2021
About this deal
AI
The property involved in this closed transaction is an office located at 301 Voyager Way, 5030 Bradford Drive, 5000 Bradford Drive, 7037 Old Madison Pike, 7047 Old Madison Pike, 7057 Old Madison Pike, 7067 Old Madison Pike, 200 Clinton Avenue West, and 620 Discovery Drive in Huntsville, AL. The property is owned by Meyer Chetrit, Uri Mermelstein, Joseph Yushuvayev, and Yaacov Amar. The loan transaction was handled by lenders citibank''>Citibank, represented by Joseph Dyckman, and Deutsche Bank, represented by Thomas Rugg.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $80,000,000
- Loan Type: Refinance
- Loan Terms: 10-year, fixed rate loan, 3.40% interest rate
The brokers involved in this transaction were Robert Verrone and Kempton Coady from Iron Hound Management. They played a crucial role in facilitating the deal between the parties.
On the Map
$80,000,000
Office
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Players
Huntsville Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93